“The World Trade Organization has more than doubled its forecast for this year’s growth in global merchandise trade volume, from 1.9 percent in March to 3.9 percent, despite disruptions to energy supplies and shipping routes caused by the US-Israeli war against Iran. The revision was driven largely by a surge in trade in AI-enabling goods, such as semiconductors and servers,” reports Human Progress.
For months, the Iran War cut the flow of oil through the Persian Gulf to a small fraction of what it usually has been. In response, China massively reduced imports of oil, relying on its massive oil reserves and conservation and substitution measures to radically cut the use of imported petroleum. Major cities like Cairo and Pakistan’s cultural capital went dark hours early as Egypt and Pakistan imported much less oil due to the Iran War.
Read Full Article: https://libertyunyielding.com/2026/10/12/world-trade-grows-more-rapidly-than-expected-despite-iran-war/
