By Ben Aris in Berlin The recent escalation in hostilities in the Middle East between Israel and Hamas has heightened the risk of a wider and prolonged conflict that would significantly impact the global economy and have dire consequences for the Middle East, the Institute of International Finance (IIF) says in a newreport released on February 15. The region, a crucial transport corridor for 35% of the world’s oil and 13% of natural gas exports, is on the brink of a conflict that could disrupt global commodity prices, trade and economic growth. The Israel-Hamas war has brought the Middle East …
