May 9: Economic Impact of US-Iran Conflict on International Economy, Financial Markets, and People's Livelihoods
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The economic impact of the US-Iran conflict, particularly on oil prices, is expected to linger until 2027. Despite potential agreements and reopening of the Strait of Hormuz, oil prices will take time to recover. Incidents like an oil spill near Kharg Island and covert oil sales by the UAE highlight ongoing tensions, while SWISS airline profited due to rerouted flights.