Global Economy and the Impacts of the Israel-Iran Conflict
June 23, 2025
The recent involvement of the U.S. in the Israel-Iran conflict is creating turmoil in the already fragile global economy. Concerns over rising oil and natural gas prices may worsen the situation. Analysts predict that the impacts of a prolonged conflict could be severe, especially if Iran chooses to close the Strait of Hormuz. The situation is tense and will depend on Iran's strategic response.