"Coincidence or Trend?" Iran conflict disrupts inflation views in the $50 trillion sovereign debt market
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The global economy has scarcely recovered from the previous round of price surges, and now the Iran conflict has triggered a new one. A significant portion of the world's fuel and fertilizer supply is trapped within the Strait of Hormuz, and the impact is spreading. European airlines are canceling flights, Americans have spent an additional $20 billion just on refueling their cars, and some Asian rice farmers are even considering whether they should skip planting this season altogether. Almost all experts believe that the situation will worsen further before it gets any better. Expand
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