What happens when two powerful nations in the Middle East move from proxy war to direct conflict? This post explores the potential global economic fallout if the Iran–Israel escalation continues, drawing lessons from past oil crises, regional wars, and market shocks. From rising oil prices to shaken investor confidence across the Gulf, we look at how history could repeat itself and what it means for the world economy today.

The recent Israel-Iran conflict has immediately sent shockwaves through global oil markets. From June 12–16, Brent crude jumped...