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Tuesday June 17 2025

Iran-Israel war threatens global economy as Strait of Hormuz hangs in balance

17 June 2025 13:47 (UTC+04:00)
Iran-Israel war threatens global economy as Strait of Hormuz hangs in balance
Akbar Novruz
Akbar Novruz
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As the Iran-Israel conflict enters its third day, the world finds itself not only at the edge of a military escalation but also on the cusp of a potentially devastating economic crisis. In an interconnected global economy, war between two regional powers—especially ones with deep ties to critical energy corridors—can ignite consequences far beyond the battlefield. This time, the fuse may be the Strait of Hormuz.

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