The secret to the economic impact of the war in Iran lies in its duration. If the Strait of Hormuz remains closed for a long time, it could lead to recession and rising inflation, points out Sree Kochugovindan.
The difficulty in compensating for the disruption in Hormuz
Friday, 13 March 2026RSS
Context & Explainers
Inflation measures how much general prices rise over time, usually reported year‑on‑year to compare a month with the same month a year earlier. Portugal’s National Institute of Statistics (INE) estimated January inflation at 1.9% year‑on‑year, down 0.3 percentage points from December, which affects rents, wages and everyday purchasing power for residents.
