Globalisation is under threat from Iran war – and Britain is uniquely vulnerable
The economic ripples from the US-Israel attacks will soon become waves, engulfing everything from energy prices to food suppliesIn retaliation for the US-Israeli missile attacks, Iran has launched what amounts to all-out economic warfare. Should the conflict continue even for another week, its...
<p>The economic ripples from the US-Israel attacks will soon become waves, engulfing everything from energy prices to food supplies</p><p>In retaliation for the US-Israeli missile attacks, Iran has launched what amounts to all-out economic warfare. Should the conflict continue even for another week, its impacts will start to be felt around the world as the third <a href="https://www.theguardian.com/business/2021/sep/10/from-coffee-to-microchips-how-the-supply-chain-crisis-is-disrupting-uk-plc">price</a> <a href="https://www.theguardian.com/business/2022/apr/26/ukraine-war-food-energy-prices-world-bank">surge</a> since the pandemic washes through global markets.</p><p>For Britain, a further turn of the screw on living standards arrives just as political instability mounts at home, with the Labour and Conservative parties facing existential challenges to their left and right.</p> <a href="https://www.theguardian.com/world/2026/mar/05/globalisation-under-threat-britain-economy-iran-conflict">Continue reading...</a>
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