Published: Mar 10, 2026, 11:30 IST | Updated: Mar 10, 2026, 11:30 IST
The war in the gulf is rapidly turning into an economic crisis, with oil markets at the centre of the shock. Markets are now bracing for a prolonged disruption to supplies from the gulf, pushing energy prices sharply higher and forcing governments to respond. But before we get to the responses, let’s look at the economic cost so far.