Middle East war: global economic fallout [Yahoo! Finance]
TotalEnergies SE Ordinary Shares (TTE)
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Source: Yahoo! Finance
Here are the latest economic events in the Middle East war: - Long war would hurt - If the war drags out more than six months, "all the economies of the world will be damaged", said the head of French oil giant TotalEnergies. "If this conflict lasts three, four months, we can swallow it" thanks to existing oil inventories, CEO Patrick Pouyanne said in an interview with Chinese state broadcaster CGTN. But with Iran's closure of the Strait of Hormuz blocking the usual route for around 20 percent of global oil production, a longer war would cause "real impacts", he warned. - Iran threatens Hormuz - Iran's military threatened to completely shut the Strait of Hormuz if US President Donald Trump acts on his threats to target the country's power plants. The statement came after Trump on Saturday gave Iran a 48-hour deadline to open the strait, warning the United States would "obliterate" Iranian power plants otherwise. "The Strait of Hormuz will be completely closed, and it
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TTE
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- 10/30/25 - Miss
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- 3/9/26 - Form SCHEDULE
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