How the Iran war has sent shocks rippling across the globe

2026-03-20 - 20:19

From restaurant closures in the Philippines and petrol rationing in Sri Lanka, to Asian food production crises due to fertiliser shortages, the effects of the US-Israeli war on Iran reverberate around the world From the Philippines cutting down to a four-day week to save electricity, to restaurants in India taking gas-intensive dishes off the menu, and rents being frozen in Spain, the economic fallout of the US-Israeli war on Iran has reverberated around the world. Facing an existential threat, Tehran has retaliated by closing the vital Hormuz shipping lane and bombed its oil and gas-rich neighbours, compounding a deepening crisis abroad for businesses and families. Continue reading...