Publications

This dashboard report presents ten charts documenting the global economic effects of the closure of the Strait of Hormuz. From surging oil, gas, and jet fuel prices, to disruptions in aluminum and fertilizer supply chains, and mounting pressure on the global food price index, the charts together point to a single vulnerability in the global economy that evolved into a catalyst for a multidimensional crisis. The charts will be updated weekly and will continue tracking effects likely to persist well after the fighting subsides, as disruptions to global supply chains do not disappear the day after a ceasefire.

“Operation Roaring Lion,” the war against Iran and its proxies, has not yet reached its conclusion. Although the final outcome remains unclear and the current situation may soon shift, the campaign’s distinctive characteristics allow for an interim assessment. This is the most extensive war fought in the Middle East since the Second Gulf War, and the first in which Israel is fighting as an active partner in a coalition with the United States. While its global implications have yet to fully emerge, it is already clear that the war carries significant implications for the Gulf States, the global energy market, Israel’s international standing, and great-power competition.

Why and how Cairo worked to achieve and maintain the U.S.-Iran ceasefire — and what conclusions should be drawn in Israel?