The Iran war permanently altered the global economy

LONDON – The framework deal between the United States and Iran sets the stage for an end to the bursts of violence and debilitating disruption of energy deliveries and trade in the Persian Gulf. But don’t expect economies around the globe to simply pick up where they left off before the United States and Israel began bombing Iran on Feb 28. The war has set in motion changes that will be hard to reverse. The global energy order is being reshaped The near shutdown in oil and gas deliveries from the Middle East and the leap in prices are causing…