🇺🇸🇮🇷 The blockade hasn't even started yet and the damage is already happening.

Oil is above $100. Wall Street futures are down. Markets across Asia are falling.

The Energy Policy Research Foundation says the blockade alone could add $5-10 to the price of a barrel.

BNP Paribas says investors are already rotating into safe-haven trades.

The UN says 32 million people could be pushed into poverty by the war's economic fallout, with developing nations hit hardest.

Tehran or the global economy; one of them breaks first.

Source: FT, Guardian
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