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Vox

The war is on hold. But the economy is still in danger.

The war is on hold. But the economy is still in danger.
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Fire breaks out at the Shahran oil depot after US and Israeli attacks, leaving numerous fuel tankers and vehicles in the area unusable in Tehran, Iran, on March 8, 2026. | Hassan Ghaedi/Anadolu via Getty Images For months, America’s war with Iran has been slowly suffocating the global economy.  In March, Iran closed the Strait of Hormuz — the narrow waterway that links the Persian Gulf’s oil res

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