From films to wine, war hits trade worldwide
The US and Israel's war in Iran is having a global impact on trade, with effects felt in various industries such as film, wine, and energy. The war is causing supply shockwaves, raising concerns about inflation and requiring policymakers to raise borrowing costs.
The war in Iran is affecting global trade, with industries like film and wine feeling the impact. In India, the release of a major film has been delayed due to the war. The country is also facing gas shortages, with factories, restaurants, and delivery drivers being affected. India imports about 90% of its crude oil and nearly half of its liquefied petroleum gas, making it vulnerable to the war's fallout. The gas shortages are being felt across the country, with the city of Pune even halting the use of LPG for cremations. The war is also affecting the wine industry, with winemakers in Italy facing a 60% jump in prices.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.