Iran Conflict Continues to Reshape Global Economy with Long-Term Impacts
The ongoing conflict between the United States and Iran is causing significant disruptions in the global economy, with effects expected to persist even if the war ends. The conflict has led to spikes in oil prices, supply chain disruptions, and increased risk premiums for maritime transit in the Gulf region. The war has also affected critical supplies such as sulfur and helium, which are essential for various industries, including semiconductor manufacturing. As the conflict continues, businesses are being forced to adapt to new economic realities, with many diversifying away from Gulf suppliers and reevaluating their supply chains to mitigate risks associated with the Strait of Hormuz. 
