Iran War Could Shut Economy Like COVID, According To Expert

Axios noted that a long war with Iran could ruin the global economy for months, as the lack of oil and other key metals, chemicals, and essentials could shutter much of the world’s activity. In that way, it would do what the pandemic did, according to an analysis by Natasha Kaneva, head of global commodities research at JPMorgan. “Much like during COVID, the shock unfolds sequentially rather than simultaneously—a rolling supply disruption moving westward, dictated by shipping times and buffered unevenly by regional inventories.”