U.S. and Israel's War in Iran: Six Months Later, Here's How the Global Economy Has Changed
· Telemundo McAllen (KTLM)
Six months into the conflict between the U.S. and Israel against Iran, the global economy has shown resilience despite initial dire predictions. While oil prices surged from $72 to nearly $120 per barrel, they have since stabilized, affecting transportation costs significantly. Investors who remained calm have seen stock market gains, with the Dow rising nearly 19% since March. However, the war has exacerbated food insecurity, particularly in regions reliant on Middle Eastern oil and fertilizers. Meanwhile, the push for clean energy has gained momentum, with electric vehicle sales soaring in various countries. The conflict has also benefited military contractors linked to the Trump family.
AI summary · Source: Telemundo McAllen (KTLM) →
