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Mar 28, 2026 Economy World

US Consumer Sentiment Shrinks Amid Iran War

1US consumer sentiment hit a 3-month low amid growing anxiety over the Iran war.
2Fears of rising oil prices and higher inflation are causing people to spend less.
3Reduced US consumption could impact global exports and inflation, urging caution.
1Global weapon demand surges as the Iran war becomes prolonged.
2Korean defense firms achieved record results by exporting high-performance arms.
3Shipping firms also see unexpected huge profits from rising freight costs.