Countries already walloped by a breakdown of the international trading order, war in Ukraine and chaotic U.S. policymaking are facing potentially lasting economic damage.

Bombs are exploding in Iran and the Middle East, but the fallout is rattling households and businesses in neighborhoods all over the globe.

In Kansas, home buyers saw 30-year mortgage rates edge above 6 percent this week. In Western India, families mourning the death of a loved one discovered that gas-fired crematories had been temporarily closed.

In Hanoi, Vietnam, gas station owners posted “sold out” signs. In Kenya, tea growers and traders worried their exports to Iran would rot on the dock. And across the United States, Canada, Europe, Britain and Mexico, farmers blanched at the surge in fertilizer costs.

The widening war in Iran has delivered a stunning punch to a worldwide economy that has already been walloped by a breakdown of the international trading order, war in Ukraine and President Trump’s chaotic policymaking.

MBFC

Edit: archive.today is broken again. Replaced the original link with a gift link.

  • pulsewidth@lemmy.world
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    13 days ago

    OP are you an undisclosed bot?

    I ask mainly because the ‘Archive’ link does not exist - like the URL has been automatically generated for the benefit of this post, but the content is not hosted on the Web Archive yet. That and the Ai-looking user avatar and mass of news articles posted regularly day.

    Its fine if you’re a bot BTW afaik, but just mention it on posts or in your user profile to set people’s expectations re: errors/etc.

    • breakfastmtn@lemmy.caOP
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      13 days ago

      Your mom’s an undisclosed bot.

      I posted this before archive today was finished, just removing “/wip” from the url but archive today failed. It’s been dogshit for the past few days for some reason. Generating a new link now and I’ll update it when it’s done. Thanks for letting me know it was broken.

      • pulsewidth@lemmy.world
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        13 days ago

        I wish, I might be able to reprogram a bot off using Facebook every day and compulsive shopping habits.

        IA is probably being slow for the same reasons as usual - DDoS attacks.

    • breakfastmtn@lemmy.caOP
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      13 days ago

      Okay archive.today is just dead set on being completely useless today. The main link is a gift link now.