World economy braces for impact of US strikes on Iran

Jun 24, 2025 - 01:00
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World economy braces for impact of US strikes on Iran
Economic fallout from the weekend strike by U.S. forces on Iranian nuclear facilities has been muted so far, but the opening of direct hostilities between the U.S. and Iran could have far-reaching consequences for the global economy. Shipping rates have spiked, oil prices are rising, and global stock markets have taken a hit. All eyes…