A · Important
[The U.S.-Iran conflict has caused multiple impacts in half a year. The IMF predicts that the global inflation rate will rise to 4.7% in 2026] August 29th, the U.S.-Iran conflict has been postponed for half a year, bringing multi-dimensional impacts to the Middle East and the world. Analysts pointed out that this war not only triggered an energy and shipping crisis and dragged down global economic growth, but also severely impacted the structure of the Middle East. The first is that global energy supplies are severely disrupted. This conflict has had a huge impact on shipping in the Strait of Hormuz, the world's "energy throat". The number of merchant ships passing through has dropped to single digits from an average of 130 to 140 ships per day before the war, a drop of more than 90%. The obstruction of navigation across the strait has significantly pushed up international oil prices. The international oil price once exceeded US$126 per barrel and currently remains at a relatively high level of approximately US$88. The overall price is more than 20% higher than before the war. Secondly, rising energy prices are dragging down efforts by major economies to curb inflation. The consumer price index in the United States rose by 3.4% year-on-year in July, with gasoline prices rising by 24.6%; the inflation rates in the Eurozone and the United Kingdom both rose to 2.9% in July. The International Monetary Fund predicts that global inflation will rise to 4.7% in 2026 due to rising energy and food prices. The World Bank warned that if energy supply disruptions continue, global economic growth may be only 1.3% this year. (CCTV Finance)
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