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Mini-crises sparked by the Iran war may add up to a big collapse

South China Morning Post 02 May 2026 14h ago
Mini-crises sparked by the Iran war may add up to a big collapse
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Not a sudden, major crash but a series of mini-crises. That, according to some, is the prospect facing the global economy and financial system in the wake of conflict in the Middle East. But what if these mini-crises cascade into a collective collapse? And what if the Trump administration emerges as the only winner in the conflict by virtue of the fact that it has, in engineering the closure of th
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