https://www.live-feeds.com/feed/prolonged-iran-war-creating-major-dent-in-global-economy-cliff-kupchan-saysContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/prolonged-iran-war-creating-major-dent-in-global-economy-cliff-kupchan-sayshttps://www.live-feeds.com/feed/prolonged-iran-war-creating-major-dent-in-global-economy-cliff-kupchan-says#u57485Fri, 04 Sep 2026 23:52:02 +0000The ongoing conflict with Iran is causing a major dent in the global economy, according to Cliff Kupchan. After six months of war, Gulf states are struggling to recover economically and face a potential economic quagmire. In response to insecurity, Middle East oil producers are investing billions into new ports and pipelines to create alternatives to the Strait of Hormuz. While the conflict fuels U.S. energy dominance, the U.S. Treasury Department is simultaneously tightening pressure through sanctions on a Turkish bank used to move Iranian oil revenues from China.Why it mattersThe Strait of H