For subscribers
News analysis
Surging shipping costs, inflation could soon hit global economy as Mid-East crisis muddles along
Sign up now: Get ST's newsletters delivered to your inbox
People watch from a bridge as flames from an Israeli attack rise from Sharan Oil depot, following Israeli strikes on Iran on June 15.
PHOTO: REUTERS
Follow topic:
When Israel launched a coordinated strike on Iran’s military leadership and nuclear facilities on June 13, many analysts and investors were quick to downplay the global economic repercussions. The consensus: The shock would be sharp, but short, and ultimately, transient.
In just a few days, the view has now swung to the other side.
