Middle East war: global economic fallout

Here are the latest economic events in the Middle East war: – Long war would hurt – If the war drags out more than six months, “all the economies of the world will be damaged”, said the head of French oil giant TotalEnergies. “If this conflict lasts three, four months, we can swallow it” thanks to existing oil inventories, CEO Patrick Pouyanne said in an interview with Chinese state broadcaster CGTN. But with Iran’s closure of the Strait of Hormuz blocking the usual route for around 20 percent of global oil production, a longer war would cause “real impacts”, he…