War and Wallets: How the Iran Conflict Could Spark a Global Debt Crisis The drums of war in the Middle East are beating louder, but it's not just the prospect of military conflict that should be keeping policymakers up at night – it's the economic storm clouds gathering on the horizon.
The escalating tensions between the US and Iran have sent oil prices soaring, leaving investors nervously eyeing their portfolios for signs of a coming debt shock.
For months now, major economies have struggled with high borrowing costs, the highest in nearly two decades.