It’s only been a couple of weeks, but the war in Iran has roiled markets.
Oil prices have spiked, and investors are contending with a new source of uncertainty as the trajectory of the war and its impact on the global economy are difficult to predict.
President Trump has promised that the war will end in weeks, but Iran may not cooperate with that goal, and the Middle Eastern country has effectively shut down the Strait of Hormuz, which is the main reason oil prices have soared.
The situation hasn’t just upset the U.S. economy. Markets around the world have been shaken by the war. Arguably, nowhere has been more impacted than the Asia-Pacific region, which counts on the Persian Gulf region for most of its oil.
In fact, more than 80% of the oil and liquid natural gas (LNG) leaving through the Strait of Hormuz is going to Asia, and the bottleneck is critical for markets like Japan and…
