Impact of the U.S.-Israel war with Iran on the global economy - statistics & facts
The outbreak of the war between the United States and Israel on one side and Iran on the other has had a devastating impact on the global economy. After the U.S. and Israel launched joint strikes against Tehran on February 28, 2026, killing Iran's Supreme Leader Ayatollah Ali Khamenei in the process, traffic through the essential Strait of Hormuz has ceased, causing global oil prices to soare. While the long-term implications of the war are not yet clear, it is already having short-term effects across the world. The war has thrown the economies of the Gulf States into turmoil and had an immediate impact across Asia, but the consequences are likely to be felt worldwide.
