Iran war at 6 months: Who gained, who lost the most economically
Six months into the conflict involving the US, Israel, and Iran, the global economy has shown resilience despite initial fears of energy and food price spikes. While some sectors like airlines and agriculture have suffered, stock markets have recovered, partly driven by optimism surrounding artificial intelligence.
Why it matters
It provides an economic assessment of how global markets adapt to geopolitical instability and the role of emerging technology in offsetting growth concerns.
Six months into the war between the US, Israel and Iran, some of the worst fears for the global economy have failed to materialise, despite the conflict driving up energy and food costs, disrupting travel and trade, and adding to pressure on already fragile supply chains.Oil prices surged after the US and Israel began military action against Iran on February 28, with Brent crude rising from around $72 a barrel before the war to nearly $120 at its peak as shipping through the Strait of Hormuz was disrupted. Prices have since eased, although they remain above pre-war levels.Financial markets, meanwhile, have recovered sharply from the initial shock.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in