Global Economy Faces Prospect of Another Shock

“In the most hopeful scenario for the global economy, the latest war in the Middle East ends within a few weeks. The region continues to produce oil and gas. Shipping resumes in the Strait of Hormuz, preventing a shock to the world’s energy supplies. Fear of inflation subsides,” the New York Times reports.

“But experts cautioned against any hasty sense of reassurance. The American and Israeli bombing of Iran, and Iranian reprisals throughout the region, set dangers in motion that pose a substantial threat to global economic fortunes.”