While the two sides have agreed to a 60-day negotiation period, uncertainty remains high after Iran again announced the closure of the Strait of Hormuz following renewed clashes involving Israel and Hezbollah in Lebanon.
Businesses around the world remain deeply concerned about the economic fallout from the Middle East conflict, despite a tentative peace agreement between the United States and Iran that has eased pressure on oil markets and improved global investor sentiment.
A new survey by Oxford Economics shows that companies expect disruptions to trade and shipping through the strategic Strait of Hormuz to persist well into 2027, highlighting fears that the region's instability could continue to weigh on global growth, energy markets and business confidence.
The concerns come as a new round of negotiations between Washington and Tehran is set to begin in Switzerland.
While the two sides have agreed to a 60-day negotiation period, uncertainty remains high after Iran again announced the closure of the Strait of Hormuz following renewed clashes involving Israel and Hezbollah in Lebanon.
