Article #257960

Governments are having to wake up to the fact they will have to take a closer interest in supply chains for essentials

• Oil prices ‘could breach $100 a barrel within days’ amid supply disruption from Iran war

Donald Trump’s assault on Iran and the deadly conflict it has unleashed is grim and unprecedented – but there is a familiarity to its economic consequences: brace yourself for another price shock.

From the Covid shutdown and subsequent reopening to Russian tanks rolling into Ukraine, the global economy has been rocked by one cost surge after another.