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Global Business News

The Economic Times

Global Business / The Economic Times

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Collapse is near: Trump's window to resolve Iran crisis closing fast

Middle East tensions are escalating, impacting global markets. Iranian attacks and US strikes near the Strait of Hormuz are disrupting oil supplies. Economists warn of a significant economic shock if a US-Iran agreement remains elusive. This conflict threatens jobs and economic growth worldwide, particularly in Europe and Asia. The world economy faces growing risks as diplomatic efforts falter.

3 Jun 2026 9:45 pm