‘Good for Russia, Good for China, Bad for America’: How the Iran War Is Reshaping Global Economies and Power

‘Good for Russia, good for China, bad for America’: How the Iran war is reshaping global economies and power

Stagflation, unemployment, recession: The Iran war is rewriting the global economy, and the damage may be permanent.

Why the Iran Ceasefire Won't Fix the Global Economy Any Time Soon

The relief is real. Oil fell more than 16 percent in a single trading session after the ceasefire was announced. Global stocks rallied from Tokyo to Frankfurt to New York. The worst immediate fears — of oil reaching $200 a barrel, of economies tipping into deep recession, of a 1970s-style decade of stagflation — receded, at least for now. But economists are almost unanimous in their assessment: the ceasefire is a pause, not a resolution, and the…