The Guardian view on the cost of Trump’s war on Iran: the world’s poor will pay most dearly | Editorial

The economic fallout of the US-Israeli assault and Tehran’s retaliation is spreading fast, and pushing the most vulnerable towards disaster Soaring prices at the pump , the scrapping of mortgage deals , and the prospect of higher prices for everything from food to smartphones . The US-Israeli attack on Iran , and Tehran’s retaliation, has rocked the global economy. Consumers are already feeling the pain of the biggest energy supply shock in history, and Iran’s new supreme leader, Ayatollah Mojtaba Khamenei, vowed on Thursday that the strait of Hormuz will remain closed , according to a statement attributed to him by state media.