More Pain Incoming As Gulf War Hangs Around.

Fears of economic strain are growing across the globe as the United States-Israel war on Iran nears the one-month mark. The escalating conflict in the Middle East has knocked the global economy off a stronger growth path, the OECD warned on Thursday, as a near-halt in energy shipments through the Strait of Hormuz threatens to push inflation sharply higher. In their report Testing Resilience they says that the evolving conflict in the Middle East has human and economic costs for the countries directly involved, and will test the resilience of the global economy. A halt in shipments through the Strait […]