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How Iran war is reshaping Greece’s economy
The war in Iran has entered its second month, precipitating what the International Energy Agency (IEA) describes as the “largest supply disruption in the history of global oil markets”. The effective closure of the Strait of Hormuz has been compounded by a widening of the conflict to include industrial and infrastructure targets, notably the U.S. strike on the B1 bridge near Tehran yesterday.
For Greece, the crisis has shifted from an acute shock to a persistent macroeconomic burden, reflected in a significant March inflation spike and the need for a €300 million emergency fiscal intervention.
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