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Iran War Revives Pandemic-Era Shocks – and May Go Further

Iran's closure of the Strait of Hormuz affects about 20% of global oil transit, causing crude prices to surge and raising shipping and insurance costs, analysts say.

As war in Iran quickly reshapes energy flows, trade routes and political alignments, the crisis may mark the start of a more volatile new phase.

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The Iran war is also fueling the fear of rising inflation and weaker growth on Wall Street. Now, the higher gas prices are also burdening trade.

·Düsseldorf, Germany
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Handelsblatt broke the news in Düsseldorf, Germany on Thursday, March 19, 2026.
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