100 days of war impact on markets
Since its outbreak on February 28, the American-Israeli war against Iran has had significant impacts on global markets. It has caused disruptions in the supply of oil, natural gas, and fertilizers due to the halting of ship movements through the Strait of Hormuz, leading to a 20% decline in oil trade and a 59% increase in shipping costs. Now, as it reaches its hundredth day and oil prices have risen by approximately 30%, pressures on the global economy have intensified. Economic growth is expected to slow from 3.4% to 2.8% this year, while the OECD's projections for global trade growth have been revised downward from 5% to 3.1%.
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