France · China · Nation Thailand
Iran war divides global economy into winners and losers
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
◌ Single Source
Six months after the United States and Israel launched their war against Iran, disruption to energy markets is continuing to spread through the global economy.
Key facts
- HSBC’s quarterly net profit increased 60% to US$10.1 billion, while earnings at France’s Société Générale rose 23% to US$2.04 billion.
- The International Air Transport Association estimated that Middle Eastern airlines were heading towards a combined loss of US$4.3 billion after recording a profit of US$7.2 billion in 2025.
- The International Energy Agency expects electric vehicles to account for 29% of total vehicle sales in 2026, which would be the highest share recorded.
- Energy data company Ember estimated that global coal production could increase by 1.8% by the end of 2026 from a year earlier under its worst-case scenario.
- Oil companies, defence contractors and banks have emerged among the industries benefiting from higher prices, increased military spending and greater financial-market activity.
- US Defence Secretary Pete Hegseth told Congress in late July that the war had cost as much as US$37.5 billion by that point, although he did not provide a detailed breakdown.
Summary
Oil companies, defence contractors and banks have emerged among the industries benefiting from higher prices, increased military spending and greater financial-market activity.
Taxpayers, airlines, carmakers and vulnerable households, meanwhile, are absorbing higher public spending, fuel costs, food prices and supply-chain disruption, according to an analysis by Al Jazeera.