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Fortune
Fortune
Business
Tristan Bove

How the war in Iran could ‘guarantee’ a global recession

A commercial ship anchored off the coast of Dubai. (Credit: Stringer/Anadolu/Getty Images)

On Sunday, a day after U.S. and Israeli forces began raining missiles across Iran, an oil tanker docked off the coast of Oman burst into flames. The same day, maritime tracking organizations announced tankers were targeted by more projectiles in the waters north of the Arabian Peninsula.

Experts say these attacks are opening up a front of the war that could have massive repercussions. A large portion of the world’s energy supply traverses these waters, and for each day attacks happen and fewer ships take the risk of navigating there, the world gets a little bit closer to an economic crisis. 

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