Iran Conflict Boosts Dollar Dominance and Sparks Global Food, Energy Worries

5 articles · Updated · Bloomberg · Apr 23

The ongoing Iran war has driven a surge in global reliance on the US dollar for international trade, reaching a record 51.1% share in March.
Geopolitical tensions have increased demand for dollar-denominated assets, while disruptions in the Strait of Hormuz have pushed up energy and food prices worldwide.
These developments threaten global food security and economic stability, especially in countries heavily dependent on imports and oil exports like Iraq.

As the dollar surges, which emerging economies are most at risk of a devastating debt crisis?

Has the largest oil market disruption in history permanently broken global energy security?

Could the permanent closure of the Strait of Hormuz reshape global trade routes forever?

With fertilizer supplies choked, are we on the brink of a global famine unseen in decades?

Beyond military action, what realistic diplomatic options remain to de-escalate this spiraling Middle East crisis?

How are China and Russia poised to leverage this crisis to challenge the current world order?