Investors prosper, consumers pay as Iran war exacts uneven economic toll 6 months in
Six months after the U.S. and Israel launched their war against Iran, the direst economic predictions haven't come true NEW YORK -- As the U.S. and Israel relentlessly bombed Iran in the opening days of war , the most dramatic predictions of the conflict’s toll were unsparing : surging oil prices, worldwide recession and economic catastrophe. But six months into the conflict, the direst predictions haven’t come true even if no corner of the world's economy has been untouched. “So far, the global economy has pulled off the financial equivalent of a ‘Mission Impossible’ scene,” said Michael Ashley Schulman, an investment strategist with Cerity Partners. Here's a look at how the global economy has weathered the war, and who have been the winners and losers: Stock markets hate uncertainty, and the decision by the U.S. and Israel to attack Iran on Feb. 28 delivered heaps of it. Columns of smoke rose from Tehran, frantic Iranians clogged roadways trying to escape, and mounting deaths, including of children , made headlines.
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Jet fuel is expected to cost, on average, 70% more than in 2025, according to the International Air Transport Association. Scott Lehmann, a supply chain expert at Sphera, an operational intelligence firm, counts 26 countries and regions that have announced clean energy and electrification measures in response to the war. “The crisis is forcing investment faster than any policy framework would have,” he said.