The ongoing US-Iran conflict is creating widespread economic pressure across the world, according to experts.
In an interview, Joshua Landis, Director of the Center for Middle East Studies at the University of Oklahoma, warned that the war is driving up food and fuel prices in the United States while severely damaging Iran’s economy. He said millions of jobs have been lost in Iran as industries face heavy disruption.
The conflict escalated after joint strikes by Israel and the United States on Tehran and other Iranian cities, triggering retaliatory attacks and further instability in the region. Iran’s tightening control over the Strait of Hormuz has also disrupted global oil flows, adding pressure on international markets.
Experts say the economic impact is not limited to the US and Iran, but is spreading globally, affecting trade, energy supplies, and inflation levels worldwide.
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WATCH NOW: Expert Warns US-Iran Conflict Could Trigger Global Economic Breakdown | DWS News | AC14
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