Taiwan's Foxconn Says Everyone Will Feel Impact of Prolonged Iran Conflict

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Protracted conflict with Iran could lead to higher oil prices, higher inflation, and greater market uncertainty, says Morgan Stanley. These are the main conclusions of the US bank: Prolonged oil supply interruptions in the Strait of Ormuz could raise gasoline prices, fuel consumer inflation, and slow down household consumption. Half-term elections in the United States could become more sensitive to cost-of-living concerns if the protracted confl…

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The African Union, ECOWAS and several heads of State expressed concern about the consequences for their economies of the Israeli-American war in Iran. A prolonged conflict could weaken several countries on the continent. The oil boom The first impact concerns energy. Tensions in the Middle East have already raised oil prices above $80 per barrel and this is not over. Some analysts are considering a barrel of more than $100. Most African countrie…