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PRIVATE HOME SEARCH CENTER UK A war between Iran and the United States would have significant global consequences, particularly affecting globalization. Military Consequences A conflict could lead to large-scale military interventions and potentially escalate into a wider regional war involving other countries. This could destabilize the Middle East, vital to global oil supply, leading to price increases and economic uncertainty worldwide. Economic Impact Global markets would likely react negatively, with stock prices falling and commodities, especially oil, experiencing volatility. A prolonged conflict could further strain the global economy by disrupting trade routes and supply chains. Diplomatic Consequences Diplomatic relations could deteriorate not only between the US and Iran, but also affecting allies and other countries in the region. This could lead to a reshaping of international alliances and increased global tensions. Challenges of Globalization The interconnectedness of economies means that a conflict could disrupt global trade networks, leading countries to prioritize national security over free trade, resulting in increased tariffs and protectionist measures. This could slow down globalization efforts and lead to a more fragmented global economy.