Six months of conflict reshapes global markets

Six months after the US and Israeli bombing of Iran, global energy supplies face disruptions and financial markets react. While AI booms have cushioned world stocks, Gulf economies and agricultural inputs face severe pressure.

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Vessels in the Strait of Hormuz are visible near the beach of Bandar Abbas, Iran, August 26, 2026. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS

Six months after military strikes by the United States and Israel against Iran disrupted energy flows, global markets face surging commodity prices and shifting valuations. The conflict has spared broader equities, which hit records on artificial intelligence demand. Yet foundational asset classes and regional economies show deep strain.

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