Economic Shocks Will Permeate Long After Iran Strikes Stop, Analysts Predict
By Harold Hutchison
Published on March 21, 2026.
The economic effects of Operation Epic Fury in Iran could persist for years, even after the conflict ends, according to some analysts. Oil prices have risen since the conflict began, with WTI crude futures closing at $98.32 on Friday, up more than $30 from $67.02 on Feb. 27. Analysts suggest that Iran's efforts to close the Strait of Hormuz could have significant impact on multiple commodities, including agriculture, fertilizer, and the semiconductor industry. South Carolina Sen. Lindsey Graham warned against targeting Iran's oil facilities, stating that the oil economy of Iran would be crucial for the country's liberation efforts. The American Farm Bureau Federation warned of a potential "dire situation" as farmers may not be able to purchase fertilizer.
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