As US Iran Tensions Escalate, These Market and Economic Areas May Feel the Pain The latest escalation in US Iran tensions has sent shockwaves through global markets, but investors seem remarkably sanguine about the potential fallout.
Energy prices are once again edging up, with Brent crude briefly topping $90 a barrel on Monday. Economists sound alarm bells about the potential hit to US consumers and businesses reliant on fuel.
Mark Zandi, chief economist at Moody's Analytics, warned that "there's nothing but downside here for the U. S. and global economies.