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The Guardian - UK
The Guardian - UK
World
Guardian correspondents

How the Iran war has sent shocks rippling across the globe

People gather near a liquefied petroleum gas cylinder distribution agency
People gather near a liquefied petroleum gas (LPG) cylinder distribution agency in India, after supply issues caused by the war in Iran. Photograph: Ritesh Shukla/Getty Images

From the Philippines cutting down to a four-day week to save electricity, to restaurants in India taking gas-intensive dishes off the menu, and rents being frozen in Spain, the economic fallout of the US-Israeli war on Iran has reverberated around the world.

Facing an existential threat, Tehran has retaliated by closing the vital Hormuz shipping lane and bombing its oil and gas-rich neighbours, compounding a deepening crisis abroad for businesses and families.

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