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In a typical 48-hour period last March, more than 3,700 aeroplanes flew over the Persian Gulf. On March 3rd and 4th this year, just 47 did. Our maps and charts show starkly the effect of the Iran war on civil aviation.
Economic disruption is even more obvious at sea level, where Iran has in effect closed the Strait of Hormuz, through which passes much of the world’s oil. Financial markets have been gyrating—prompting some counter-intuitive advice from our Buttonwood column.
Could the war precipitate a global economic crisis? On today’s Insider, our journalists discuss the conflict’s implications. You can watch now, on the hub. |