The war against Iran, initiated by President Donald Trump, is expected to have dire economic consequences for the global market, particularly affecting oil prices and inflation. Since Trump's initial claim that the conflict would be resolved in weeks, the situation has escalated, with oil prices remaining above $100 per barrel and rising interest rates. The International Energy Agency reports a staggering loss of over 1 billion barrels of oil from the Persian Gulf, with the situation worsening as nations struggle to compensate for the reduced supply. The Reserve Bank of Australia has projected that if oil prices remain elevated, economic growth could plummet from 2.6% to 1.3% by the end of this year. A scenario where oil prices reach $200 per barrel could lead to an additional 100,000 job losses, pushing the economy towards recession. The ongoing control of the Strait of Hormuz by Iran complicates the situation, as it remains a critical point for global oil supply. The longer the conflict persists, the more severe the economic impact will be on households and businesses.