$ETH The conflict between Israel and Iran has a significant impact on the global economy, mainly reflected in the following aspects:

1. **Surge in Oil Prices**: The conflict has caused Brent crude oil prices to skyrocket by 12%. JPMorgan warns that if the Strait of Hormuz is blocked, oil prices could soar to $120-130, exacerbating global inflationary pressures.

2. **Financial Market Turmoil**: Global stock markets have plummeted, Bitcoin has fallen below $104,000, and safe-haven asset gold has risen by 1.7%.

3. **Supply Chain Risks**: If Iran blocks the Strait of Hormuz (which accounts for one-third of global oil transport), it will severely disrupt energy supply, impacting economies that rely on Middle Eastern oil.

4. **Deterioration of the Iranian Economy**: The World Bank warns that war could lead to a loss of over 10% in Iran's GDP, a 60% devaluation of its currency, and a two-thirds reduction in oil exports, deepening the fiscal crisis.

In the short term, geopolitical risks are intensifying market volatility, and in the long term, it may drag down global economic recovery.