Iran as a Node of Global Vulnerability: Why the Escalation Around Tehran Has Already Led to a Global Economic Crisis
This is precisely why tensions surrounding Iran affect the global economy far more profoundly than is commonly acknowledged in the public discourse. Markets rarely react solely to the physical disruption of supply chains. Risk anticipation kicks in much earlier. The mere perception that one of the key routes could become less predictable is enough to trigger a wave of reactions: insurance premiums rise, freight costs rise, market participants begin to…

