US Markets Hit as Iran Conflict Shakes
News: The escalating US–Israel conflict with Iran is disrupting global business, pushing up energy prices and straining supply chains.
Shipping through the Strait of Hormuz has slowed sharply, while Gulf air routes face disruptions, raising costs and delays. Oil prices surged toward $90 per barrel, increasing inflation risks and squeezing company margins.
Industries across Europe and beyond—especially energy-intensive sectors—are facing rising gas prices and production slowdowns.
Key materials like aluminium, helium and sulphur are also affected, with supply disruptions and price spikes. Airlines, manufacturing and tech sectors are seeing cost pressures and operational risks.
Analysts warn that prolonged conflict could slow global growth, trigger recession risks and further destabilise trade routes and business confidence.
Source: The Economic Times
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