From Germany to Pakistan: How Hormuz tensions are hitting economies

2026-03-21 - 08:50

The Middle East conflict's fourth week is impacting global economies, with nations like Germany, Italy, Britain, Japan, and India facing significant energy cost pressures and supply chain vulnerabilities. Iran's role in the Strait of Hormuz is a key concern. Countries are implementing austerity and cost-control measures amid rising inflation and currency depreciation.