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The Iran war has caused a 57% drop in Persian Gulf oil supply compared to pre-war levels, according to Goldman. Procter & Gamble warns of a $1 billion hit after failing to hedge oil exposure. India's central bank has flagged inflation risks, and Indians are being forced to return home as the Gulf economy suffers. The German construction industry also warns that the war is driving up costs for homebuilders.
by WorldBrief & Maksim Micheliov | AI-generated summary
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