The Iran War’s Economic Winners and Losers
Israel
Before the Iran war, a huge amount of the fossil fuel consumed around the world passed through the Strait of Hormuz, including 34 percent of the crude oil, 19 percent of the liquefied natural gas, and 16 percent of the refined petroleum. Whether the Persian Gulf region will remain so central to the global economy once the war ends is an open question. As the world struggles with the immediate disruptions, the long-term winners and losers of the war are only beginning to come into view. Is the
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