As the world slowly begins to recover from the devastating Iran war, its far-reaching economic consequences continue to be felt. Despite a recent decline in petrol prices, the ripple effects of the conflict are still being felt across various industries, from energy and transportation to manufacturing and trade. The war, which saw a significant escalation of tensions between Iran and Western nations, had a profound impact on global oil markets, leading to a surge in prices and exacerbating existing supply chain disruptions. Now, as the dust settles, economists are warning that the full extent of the damage may not be apparent for months to come, with some sectors still reeling from the shockwaves of the conflict.
Fallout from Iran war continues to reverberate across economy even as petrol prices decline
