Three weeks in, the Iran conflict is proving what energy analysts and security experts have long warned: a war in the Persian Gulf would not stay contained. Its effects are being felt in German hospitals running low on gloves, Indian kitchens switching to electric stoves, Pakistani development plans shaped by global instability, and boardrooms in Mumbai where privatisation deals are collapsing under investor anxiety.
The Strait of Hormuz remains the fulcrum. Until commercial shipping can safely transit this narrow passage again, the world will continue to feel the war’s consequences in places far removed from any battlefield.