Security expert Peter Neumann warns that the world economy could suffer severe damage if the current conflict spirals forward, especially after Iran shut the Strait of Hormuz to international shipping. He told the “Rheinische Post” that if the Iran‑backed Houthi fighters were to come into play and block the Suez Canal, the result could be a global economic crisis. The threat is already sending tremors through the German government. Neumann says the danger is part of a deliberate Iranian strategy: while the country is militarily outmatched, it is using its limited economic influence very effectively.
Economy / Finance
