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Iran's conflict impacts US markets
The war between Iran and the United States has significantly impacted global markets, especially the oil sector, which the International Energy Agency described as the largest disruption in oil supplies in history, with over 1.3 billion barrels of supply lost by June 2026. This has led to the depletion of emergency reserves and disruptions in supply chains that extend beyond oil to include gas, industrial platforms, and minerals. Additionally, the turmoil has driven up prices for essential commodities such as urea and aluminum and prompted shifts in energy strategies across Asia, including a resurgence in the use of coal and nuclear power. The depletion of resources and supplies is part of a broader pattern of attrition warfare that relies on high costs for opponents, with prolonged escalation despite economic damage and the impossibility of quick resolution. This reflects that the war's effects will continue to influence the global economy for a long time after it ends.
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