Trump’s War in Iran Roils a Vital Hub of Globalization
From fertilizer to aluminum, global goods trade over land, sea, rail and air flows through the Gulf region
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It’s still not clear what President Donald Trump’s end goal is for the now-spreading US-Israeli war against Iran. Or, crucially for the global economy, how long the conflict will last. But there is one lesson surfacing quickly: America First can’t escape an interconnected world.
Since the initial attacks on Tehran nine days ago, much of the attention has been focused on energy markets and crude prices that have seen their biggest spike since 2022’s Russian invasion of Ukraine.