From oil to food to markets: How a month of war on Iran has remade the world economy
A plume of smoke rises after a strike on Tehran on March 3. The US and Israeli war on Iran has upended the global economy. ATTA KENARE / AFP The US and Israeli war on Iran is now a month old. In 30 days, the war, which shows few signs of slowing down, has upended the global economy. Everything from oil prices to inflation to air travel is hitting consumers everywhere. It's not easy being the world economy right now. One month into the US and Israeli war on Iran , the shock is upending everything from supply chains to air travel. As the price of a barrel of oil settles in at north of $100, up from $70 before the war, gas prices in the US are flirting with $4 a gallon, the highest since Russia invaded Ukraine in 2022. And on the other side of the world, consumers in places like the Philippines and India are waiting hours in line for fuel as governments ration dwindling supplies. "No country will be immune to the effects of this crisis if it continues to go in this d...