War, Chokepoints, and Markets: Analysis of US-Israel-Iran Conflict's Global Economic Impact
β’ The US-Israeli war on Iran, initiated February 28, 2026, with strikes on leadership and nuclear facilities, has led to Iran's Strait of Hormuz closure, rivaling 1970s oil crises. β’ Supreme Leader Ali Khamenei's killing sparked Iranian strikes on Israel and US bases, disrupting 20% of global oil transit and surging prices by 40%. β’ US markets face inflation risks, with experts warning of recession if chokepoint remains closed beyond two weeks.
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