Summary：**Global Economy Teeters on Edge as Hope and Fear Collide** *Summary: Businesses and consumers are

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**Global Economy Teeters on Edge as Hope and Fear Collide**
*Summary: Businesses and consumers are struggling to deal with the Iran war, which is simultaneously happening and not happening.*

### Introduction
Markets worldwide are reacting to a paradoxical narrative: reports of escalating tensions in Iran coexist with official statements denying any active conflict. This mixed messaging has left investors, manufacturers, and households unsure whether to brace for disruption or continue with ordinary spending plans. The resulting tension between optimism and apprehension is shaping short‑term economic indicators, from commodity prices to retail confidence surveys.

### Key Developments
- **Oil volatility:** Brent crude swung between $80 and $92 per barrel over the past two weeks as traders parsed conflicting intelligence about possible sanctions or military moves near the Strait of Hormuz.
- **Supply‑chain alerts:** Several logistics firms issued temporary rerouting advisories for shipments passing through the Gulf, citing heightened risk assessments despite no confirmed blockades.
- **Policy responses:** Central banks in Europe and Asia reiterated their readiness to provide liquidity if geopolitical shocks intensify, while the U.S. Federal Reserve kept rates unchanged, citing “monitoring of external risks.”