Middle EastUpdated 49m ago
US-Iran war escalates, global economy at risk
What it means
The US and Iran are trading heavy strikes, including on islands and ports, while Iran threatens key shipping routes and the Gaza peace plan collapses.
Why it matters
The conflict threatens global energy supplies, disrupts trade through the Strait of Hormuz, and risks a wider regional war involving Iraq and Yemen.
How it affects you
Expect higher energy and food prices, travel disruptions affecting 30-40% of global air traffic, and potential shortages of goods shipped through the Middle East.
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