Iran War day 17 : Rising focus on economic impacts
Economy-related dimensions The economic fallout of the Israeli-US war on Iran, now entering its third week, is becoming clearer. Seasoned Washington-based reporter Laura Rozen noted on Mar. 15, “[US President Donald] Trump [is] putting his economic advisors, energy and interior secretaries on the Sunday shows, rather than his national security advisor, secretary of state, intelligence officials, or military leaders. What does that tell you?” Iran has intensified warnings aimed at Gulf Arab states. Tehran has urged residents near major Emirati ports to evacuate their homes, claiming that US forces are using such facilities to support strikes against Iran and thus signaling that they could become future targets of Iran. A similar warning was reportedly issued for several districts in Doha on Mar. 15. According to Bloomberg estimates , if the Strait of Hormuz remains closed to most commercial traffic for around two months, Qatar and Kuwait could see GDP contraction...