0641 GMT - The shock to the global economy from the Middle East hostilities will likely last longer than originally expected, Erste Group analysts say in a note. At the same time, however, it is not yet too late to keep the economic consequences in check, they say. "For us, this means relatively short-term impacts on inflation and growth, which is what we currently anticipate," they say. U.S. President Trump is interested in neither a prolonged war nor consistently high oil and fuel prices, while Iran needs the revenue from oil and gas sales and won't want to jeopardize its current oil exports through the Strait of Hormuz, the analysts say. "We therefore expect shipping through the strait to normalize in the coming weeks." (emese.bartha@wsj.com)
(END) Dow Jones Newswires
March 25, 2026 02:41 ET (06:41 GMT)
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