The missiles that struck Iran’s nuclear facilities on February 28 did not merely ignite a military conflict—they detonated a slow-burning economic crisis whose shockwaves are now rippling across every continent. Oil prices have spiked, fertiliser flows have stalled, central banks are caught between the twin threats of inflation and recession, and ordinary families from America to Japan are already paying a steeper price at the pump and the grocery aisle. Yet not everyone is suffering equally. As with every great energy shock in modern history, the Iran war is sorting the world into two camps with brutal efficiency: those who…
News Timeline:
Track the development of this news story across the Internet.