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The Economic Times

Top News / The Economic Times

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War with Iran delivers another shock to global economy

The global economy faces severe disruption due to the war with Iran. The closure of the Strait of Hormuz has sent oil prices soaring, impacting energy and fertilizer costs worldwide. This crisis threatens food shortages in developing nations and complicates inflation control for central banks. Oil-producing nations outside the conflict stand to benefit, while energy importers face significant economic strain.

10 Mar 2026 1:06 pm