⚠️ Global Shockwaves: Middle East Conflict Hits the Economy! 🌊📉
The ongoing Iran-Israel conflict is fracturing global supply chains and energy markets!
🚢 Shipping Crisis: Strait of Hormuz traffic has collapsed over 90%, dropping from ~140 daily ships to single digits!
🛢️ Oil Spikes: Crude briefly surged to $126/barrel and sits around $88 (+20% pre-war).
📈 Inflation Surges: Higher fuel drove July inflation to 3.4% in the U.S. (gasoline up 24.6%), and 2.9% across the Eurozone & U.K.
The IMF projects 2026 global inflation at 4.7%, with the World Bank warning growth could plunge to 1.3%! 🌍💥
#Nadeemgujjar143
The ongoing Iran-Israel conflict is fracturing global supply chains and energy markets!
🚢 Shipping Crisis: Strait of Hormuz traffic has collapsed over 90%, dropping from ~140 daily ships to single digits!
🛢️ Oil Spikes: Crude briefly surged to $126/barrel and sits around $88 (+20% pre-war).
📈 Inflation Surges: Higher fuel drove July inflation to 3.4% in the U.S. (gasoline up 24.6%), and 2.9% across the Eurozone & U.K.
The IMF projects 2026 global inflation at 4.7%, with the World Bank warning growth could plunge to 1.3%! 🌍💥
#Nadeemgujjar143
