Iran War Batters Israel's Economy With $3 Billion Weekly Cost, Iran Shuts Strait of Hormuz
Edited By WION Video Desk
Published: Mar 06, 2026, 21:45 IST | Updated: Mar 06, 2026, 21:45 IST
The escalating Iran war is sending shockwaves through global markets as Israel reportedly faces billions in weekly war costs while Iran halts tanker traffic through the Strait of Hormuz. Oil prices have surged and stock markets are rattled as fears grow over disruptions to nearly 20% of the world’s oil supply moving through the vital chokepoint.
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