London/Hong Kong —
The conflict raging in the Middle East will test the resilience of a global economy buffeted by tariffs and other trade disruptions over the past year.
Barely a week into the latest turmoil in the region, there are already signs of strain along the carefully orchestrated arteries of global trade: from rice exports stuck at ports in India to spikes in the price of fertilizer critical to food production.
A prolonged war that keeps energy prices high could drive up inflation and, with it, interest rates, piling pain on borrowers. Meanwhile,