Iran War: Global Economic Fallout Looms, India Faces Growth Impact

• Prolonged Iran conflict threatens long-term global economic damage, with energy supplies already affected.
• G7 economies like Germany, Italy, and Britain face renewed energy crisis and inflation due to import dependence.
• Japan, heavily reliant on Middle East oil via the Strait of Hormuz, risks exacerbated inflation from a weak yen.
• Emerging economies, including India, face significant impact; India's crude oil imports and rupee value are at risk.
• Countries like Sri Lanka, Pakistan, and Egypt, already in economic distress, are most vulnerable to rising fuel costs and global slowdown.