After the Iran war, how fast could global trade recover?
Key takeaways
- The Iran war could end soon as a ceasefire goes into effect.
- A two-week ceasefire mediated by Pakistan and announced on Tuesday is giving some hope after more than five weeks of war, but Iran has warned it will resume hostilities if Israel continues to attack Lebanon.
- The deal came shortly before US President Donald Trump's deadline for Iran to end a blockade of the Strait of Hormuz or to see its "whole civilization" destroyed.
Why this matters: an international story with cross-border implications worth tracking.
The Iran war could end soon as a ceasefire goes into effect. But the true test will be how quickly energy, fertilizer and other supply chains can bounce back whenever the Strait of Hormuz is reopened.
https://p.dw.com/p/5B69i A big backlog of container ships waiting to go through the Strait of Hormuz could soon be on their way Image: Cn-str/AFP/Getty Images Advertisement. Those looking for clear answers about when the Iran war will end have repeatedly been left disappointed.
A two-week ceasefire mediated by Pakistan and announced on Tuesday is giving some hope after more than five weeks of war, but Iran has warned it will resume hostilities if Israel continues to attack Lebanon.