How the world pays the price for US-Israel’s Iran war: Numbers, winners and losers

March 15, 2026
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The Iran war has triggered a global economic shock as the Strait of Hormuz disruption pushes up oil, gas and fertiliser prices, leaving energy exporters poised to benefit while import-dependent economies face rising costs and inflation

The missiles that struck Iran’s nuclear facilities on February 28 did not merely ignite a military conflict—they detonated a slow-burning economic crisis whose shockwaves are now rippling across every continent.

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