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Reading: Iran War Escalation Could Hit Global Economy, Analysts Warn
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Iran Frozen Assets release reported under US-Iran memorandum before 60-day negotiations.
PhotoNews Pakistan > Business > Iran War Escalation Could Hit Global Economy, Analysts Warn
Business

Iran War Escalation Could Hit Global Economy, Analysts Warn

Web Desk
By Web Desk Published October 21, 2026 2 Min Read
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An Iranian flag waves near ships at a port, highlighting maritime and regional trade tensions. Image Credit: The Heat
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Professor Mohammad Marandi and former Central Intelligence Agency (CIA) analyst Larry C. Johnson warned that renewed US attacks on Iran could trigger a global economic crisis.

Speaking on Al Mayadeen’s “The Grand Standoff: Iran and the World”, they argued that another confrontation could extend beyond military targets.

Marandi warned that Iran war escalation could expose US-linked commercial assets and regional energy infrastructure to retaliation. He predicted consequences for economies beyond the Gulf, including Europe and North America.

Johnson, meanwhile, argued that damage to US military facilities and pressure on air defences had weakened Washington’s regional security guarantees.

The IRGC warned Tuesday that the undersea cables of the Strait of Hormuz will not be safe if Iranian infrastructure is attacked, adding that #Iran has the technology to strike US bases beyond the region.https://t.co/cArfLAJ0iE

— Al Mayadeen English (@MayadeenEnglish) October 20, 2026

Read: US-Iran War Disrupts Oil Routes Through Hormuz and Red Sea

He predicted a stronger Iranian response if fighting intensified. Both speakers presented these assessments as reasons Washington should reconsider further military action.

On diplomacy, Marandi maintained that Tehran would judge US intentions by how it implements commitments rather than by public assurances. He expressed little confidence in an imminent breakthrough in negotiations.

Mohammad Marandi and former CIA analyst Larry Johnson warned that renewed US aggression against Iran could trigger a more destructive war, as damage to US positions raises questions about Washington’s security guarantees.https://t.co/kRbsj4pzDn

— Al Mayadeen English (@MayadeenEnglish) October 20, 2026

However, he distinguished Pakistan’s role as a facilitator from responsibility for implementing an agreement. He argued that responsibility rested with Iran and the United States.

Read: Oil Prices Rise 2%; Brent Reaches $106.76 After Saudi Attacks

The discussion also covered Moscow and Beijing’s relations with Tehran. Marandi contended that Iran’s military performance had strengthened its standing with both countries.

Johnson interpreted Russian Foreign Minister Sergey Lavrov’s visit to Tehran as evidence that Moscow intended to maintain its relationship with Iran.

Read: Iran Guard Cites Seven Hormuz Internet Cables in Warning

Separately, Johnson advised against Iranian attacks on undersea internet cables. He argued that maintaining online communication served Tehran’s efforts to reach international audiences.

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