The global economy has withstood plenty of turmoil in the past few years, staving off a widely predicted recession in 2022, but the most recent conflict to break out in the Middle East could be one step too far for a world that was already starting to show some economic cracks.
Renewed conflict in Iran has already rattled global markets since U.S. and Israeli attacks began on Saturday. On Tuesday, the S&P 500 fell more than 1.5%. International investors weren’t spared either, with indexes falling sharply in London, Hong Kong, and Tokyo, to name a few.
