$BTC The main impacts of the Israel-Iran conflict on the global economy include:

1. **Oil Price Volatility**: The conflict threatens shipping in the Persian Gulf (which accounts for one-third of the world's maritime oil transport), potentially pushing oil prices higher and exacerbating global inflation.

2. **Safe-Haven Sentiment**: Funds are flowing into the dollar and gold, increasing capital outflow pressures in emerging markets.

3. **Trade Disruptions**: The risks in key shipping lanes (the Strait of Hormuz) are rising, increasing shipping costs and insurance premiums.

4. **Market Panic**: Global stock markets are experiencing increased volatility, risk assets are under pressure, and companies are delaying investment decisions.

The extent of the short-term impact depends on whether the conflict escalates; if it continues to widen, it may trigger an energy crisis and stagflation risks.