May 9: Economic Impact of US-Iran Conflict on International Economy, Financial Markets, and People's Livelihoods
The economic impact of the US-Iran conflict, particularly on oil prices, is expected to linger until 2027. Despite potential agreements and reopening of the Strait of Hormuz, oil prices will take time to recover. Incidents like an oil spill near Kharg Island and covert oil sales by the UAE highlight ongoing tensions, while SWISS airline profited due to rerouted flights.
📋 Article Processing Timeline
- 📰 Published: May 9, 2026 at 17:50
- 🔍 Collected: May 9, 2026 at 18:01 (11 min after Published)
- 🤖 AI Analyzed: May 9, 2026 at 20:46 (2h 45m after Collected)
US-Iran War Key News
Central News Agency
(Central News Agency, Taipei, May 9, Comprehensive Foreign Report) The economic impact brought by the US-Iran war may take a considerable time to subside. According to market analysis, even if the United States and Iran reach an agreement in the near future and restore smooth passage through the Strait of Hormuz, oil prices may not return to pre-war levels until next spring.
When will oil prices return to pre-war levels? Analysis: Even if Hormuz reopens, it won't be until 2027 at the earliest.
Axios News reported that Patrick De Haan, head of petroleum analysis at market data and analytics firm GasBuddy, stated that if the Strait of Hormuz reopens, consumers would feel a slight drop in oil prices and reduced pressure within a few days, but a significant rebound would take longer.
He estimated that one-third of the increase would be eliminated in the first three months after the Strait reopens, and another one-third in the next six months. "As for truly returning to pre-war prices, I currently believe it will be around early to mid-2027."
Oil slick suspected off Iran's Kharg Island, source unknown, continues to spread.
Satellite imagery shows signs of an oil slick spreading off Iran's important oil export terminal, Kharg Island. This has raised concerns about whether Iran's oil infrastructure is in trouble under the US maritime blockade.
The apparent oil spill occurred off the western coast of Kharg Island, and its cause is currently unknown.
Orbital EOS, an agency responsible for monitoring oil spills, told "The New York Times" that as of the 7th, the oil slick appeared to cover an area of more than 52 square kilometers, with potentially over 3,000 barrels of crude oil leaked.
UAE urgently sells oil, shipping information: Several oil tankers secretly pass through the Strait of Hormuz.
Industry sources and shipping data show that the United Arab Emirates and various buyers recently secretly sent several oil tankers through the Strait of Hormuz, with these ships turning off their positioning trackers to avoid Iranian attacks.
According to three sources, Kpler vessel tracking data, and SynMax satellite data analysis, Abu Dhabi National Oil Co. of the UAE successfully exported at least 6 million barrels of crude oil from terminals in the Persian Gulf via four oil tankers in April this year.
Maltese oil tanker passes through Hormuz, arrives in South Korea with crude oil.
The Maltese oil tanker "Odessa" passed through the Strait of Hormuz in mid-April and arrived in South Korea on the 8th, which is expected to briefly alleviate tight oil supply. This is the first oil tanker to reach South Korea through the Strait since Iran's de facto blockade of Hormuz.
The Maltese oil tanker "Odessa" carried 1 million barrels of crude oil, which will help ease Seoul's concerns about oil supply.
Sources said the Odessa passed through the Strait of Hormuz on April 17 when there was a brief relaxation.
US-Iran War benefits SWISS, first-quarter profit nearly 10 times that of the same period last year.
Benefiting from increased demand on Asian routes and a fuel hedging strategy, SWISS International Air Lines' first-quarter profit soared to 30 million Swiss francs (approximately NT$1.20959 billion), nearly 10 times that of the same period last year.
According to information released at the press conference, SWISS benefited from the large number of flight cancellations or reductions by Middle Eastern airlines on Asian routes. Even though the flight duration increased, many customers were willing to "fly the long way," thus choosing SWISS. (Editor: Hong Pei-ying) 1150509
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Central News Agency
(Central News Agency, Taipei, May 9, Comprehensive Foreign Report) The economic impact brought by the US-Iran war may take a considerable time to subside. According to market analysis, even if the United States and Iran reach an agreement in the near future and restore smooth passage through the Strait of Hormuz, oil prices may not return to pre-war levels until next spring.
When will oil prices return to pre-war levels? Analysis: Even if Hormuz reopens, it won't be until 2027 at the earliest.
Axios News reported that Patrick De Haan, head of petroleum analysis at market data and analytics firm GasBuddy, stated that if the Strait of Hormuz reopens, consumers would feel a slight drop in oil prices and reduced pressure within a few days, but a significant rebound would take longer.
He estimated that one-third of the increase would be eliminated in the first three months after the Strait reopens, and another one-third in the next six months. "As for truly returning to pre-war prices, I currently believe it will be around early to mid-2027."
Oil slick suspected off Iran's Kharg Island, source unknown, continues to spread.
Satellite imagery shows signs of an oil slick spreading off Iran's important oil export terminal, Kharg Island. This has raised concerns about whether Iran's oil infrastructure is in trouble under the US maritime blockade.
The apparent oil spill occurred off the western coast of Kharg Island, and its cause is currently unknown.
Orbital EOS, an agency responsible for monitoring oil spills, told "The New York Times" that as of the 7th, the oil slick appeared to cover an area of more than 52 square kilometers, with potentially over 3,000 barrels of crude oil leaked.
UAE urgently sells oil, shipping information: Several oil tankers secretly pass through the Strait of Hormuz.
Industry sources and shipping data show that the United Arab Emirates and various buyers recently secretly sent several oil tankers through the Strait of Hormuz, with these ships turning off their positioning trackers to avoid Iranian attacks.
According to three sources, Kpler vessel tracking data, and SynMax satellite data analysis, Abu Dhabi National Oil Co. of the UAE successfully exported at least 6 million barrels of crude oil from terminals in the Persian Gulf via four oil tankers in April this year.
Maltese oil tanker passes through Hormuz, arrives in South Korea with crude oil.
The Maltese oil tanker "Odessa" passed through the Strait of Hormuz in mid-April and arrived in South Korea on the 8th, which is expected to briefly alleviate tight oil supply. This is the first oil tanker to reach South Korea through the Strait since Iran's de facto blockade of Hormuz.
The Maltese oil tanker "Odessa" carried 1 million barrels of crude oil, which will help ease Seoul's concerns about oil supply.
Sources said the Odessa passed through the Strait of Hormuz on April 17 when there was a brief relaxation.
US-Iran War benefits SWISS, first-quarter profit nearly 10 times that of the same period last year.
Benefiting from increased demand on Asian routes and a fuel hedging strategy, SWISS International Air Lines' first-quarter profit soared to 30 million Swiss francs (approximately NT$1.20959 billion), nearly 10 times that of the same period last year.
According to information released at the press conference, SWISS benefited from the large number of flight cancellations or reductions by Middle Eastern airlines on Asian routes. Even though the flight duration increased, many customers were willing to "fly the long way," thus choosing SWISS. (Editor: Hong Pei-ying) 1150509
Choose to stand with facts, every sponsorship you provide is the power to protect press freedom.
Download the Central News Agency "First-Hand News" APP to stay updated with the latest news.
The text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.