Iran War's Global Manufacturing Impact

The ongoing conflict involving Iran>>>, United States>>>, and Israel>>>, which began in late February, has created a significant economic shock globally. This has led to suppressed demand for goods and a rapid increase in raw material costs for European factories, with the Eurozone>>> Manufacturing PMI falling. Countries like Germany>>> and France>>> experienced manufacturing stalls or contractions, and the European Union — European Central Bank>>> is expected to hike interest rates to counter rising inflation. In contrast, manufacturing activity expanded in the United States>>> and most Asian economies, including China>>>, South Korea>>>, Japan>>>, Vietnam>>>, Taiwan>>>, and the Philippines>>>, largely due to businesses stockpiling to buffer against potential supply chain disruptions. International organizations such as the International Energy Agency>>>, International Monetary Fund>>>, World Bank Group>>>, and World Trade Organization>>> have warned about the strain on global energy supplies, particularly through the Strait of Hormuz.