Iran war is latest threat to a global economy rattled by Trump | Business and Economy News

Rising energy prices threaten global economic growth due to the ongoing conflict between Israel and Iran. The closure of the Strait of Hormuz, a key shipping route for oil, has led to disruptions in supply and increased crude oil prices. While Brent crude prices have risen by 15% since the conflict began, analysts warn that sustained disruption could lead to significant price increases, potentially reaching $100 per barrel or higher. The impact of this conflict on global economic growth is expected to be felt most acutely in Asia and Europe, particularly countries heavily reliant on foreign energy imports. The uncertainty surrounding the duration and severity of the disruptions poses a significant risk to global trade and economic stability.