Options trader Marty Handler works on the floor of the New York Stock Exchange, Thursday, Aug. 27, 2026, in New York. (AP Photo/Yuki Iwamura)
\n\nA child is weighed at Feynuus Nutrition Centre on the outskirts of the capital, Mogadishu, Somalia Wednesday, Aug. 19, 2026. (AP Photo/Farah Abdi Warsameh)
\n\nTravelers check in at Terminal 3 of Dubai International Airport in Dubai, United Arab Emirates, Wednesday, Aug. 26, 2026. (AP Photo/ Fatima Shbair)
\n\nDark oil residue collects in shallow coastal waters on Qeshm Island, Iran, Thursday, Aug. 13, 2026, amid ongoing wartime attacks on vessels and infrastructure in and around the Strait of Hormuz, though the spill’s source has not been independently determined.(Amirhosein Khorgooi/ISNA via AP)
\n\nPeople spend time at a beach as commercial vessels are anchored in the Strait of Hormuz off Bandar Abbas, Iran, Wednesday, Aug. 5, 2026. (Amirhosein Khorgooi/ISNA via AP)
\n\nNEW YORK (AP) — As the U.S. and Israel relentlessly bombed Iran in the opening days of war, the most dramatic predictions of the conflict’s toll were unsparing: surging oil prices, worldwide recession and economic catastrophe.
\n\nBut six months into the conflict, the direst predictions haven’t come true even if no corner of the world’s economy has been…
Original source: https://apnews.com/business