Iran war adds new layer to supply chain stress

When war breaks out, micro issues have a way of quickly becoming macro issues. Specific blockages and bottlenecks tend to cause broad supply disruptions and price pressure. And so it is with the war in Iran. Why it matters: Global supply chains have already been facing years of stress, first from the COVID-19 pandemic and then from the rise of tariffs and other trade barriers. The Middle East conflagration adds a new layer of stress. The good news for American consumers is that the biggest ef