Mastodawn

Opinion: This Might Be the Most Economically Destabilizing War in Decades

Now that the United States and Iran have declared a two-week cease-fire, the question is whether the war’s economic disruption will be short-lived or lasting. The lessons from history are sobering: In an interdependent global economy, the shock of the outbreak of war can produce long-term instabilities overnight, many of which become apparent only over time.