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International Chamber of Commerce Warns of ‘Worst Industrial Crisis in Living Memory’

Summary by Dawn
The war in the Middle East could cause the “worst industrial crisis in living memory”, the head of the International...

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International Chamber of Commerce warns of 'worst industrial crisis in living memory'

·Beijing, China
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The consequences of the war in the Middle East are already affecting many sectors, far beyond the region.

Right

According to the Secretary General of the International Chamber of Commerce ICC, the Iran War could trigger the "worst industrial crisis since human thought." The threat is not only based on rising energy prices. The problem is that "industrial production itself is disrupted and affected by gas shortages and other significant inputs," said John Denton on Thursday in the run-up to a WTO ministerial conference in Yaoundé, Cameroon, starting on Fri…

·Vienna, Austria
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Rat na Bliskom istoku mogao bi da pokrene najgoru krizu industrije u istoriji, u pozorio je danas šef Svetske trgovinske komore uoči Ministarske konferencije Svetske trgovinske organizacije (STO) u Cameroon.

·Belgrade, Serbia
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Yaoundé, Cameroon. The war in the Middle East could engender “the worst industrial crisis” to be remembered, warned the head of the International Chamber of Commerce in Cameroon this Wednesday. “From the point of view of companies, we believe this could become the worst industrial crisis to be remembered. Not only because of the rise in energy prices, but also because industrial production itself is disrupted and disorganized by gas shortages an…

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Dawn broke the news in Pakistan on Wednesday, March 25, 2026.
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