As the US-Israel-Iran conflict continues into more than 100 days, its impact has extended far beyond the Middle East. Energy price fluctuations, increased shipping risks, and rising supply chain costs have caused the conflict to transmit pressure throughout the global economy.

One of the most direct spillover effects of the conflict is the inflationary pressure it has created worldwide. The Middle East is a key region for global energy supply and maritime transport. The conflict has driven up the costs of crude oil, natural gas and shipping, increasing expenses for transportation and logistics, industrial manufacturing, agricultural production and household living costs.

Experts believe that some countries heavily reliant on energy imports are attempting to alleviate price pressures by suppressing domestic market demand, but this approach does not address the root problem.

"Reducing energy demand is by no means a good solution. Decreasing demand means a decline in manufacturing and production capacity, ultimately leading to reduced inventories and thus higher prices. Higher prices mean inflation, which is the dilemma we are currently facing. Shifting to renewable energy requires significant investment and time, and this cannot be solved in the short term," said George Khoury, Global Head of Research & Education at CFI, an online trading broker in the Middle East and North Africa​ region.

The conflict has led to a systemic increase in the operating costs of the global economy, with the Gulf region being more directly impacted. Gulf countries like Saudi Arabia and the UAE are not only major energy exporters but also important hubs in global capital, logistics, aviation, and financial networks.

For many years, these countries have established a relatively stable development model based on energy revenue, open markets, and security cooperation, but the latest conflict has forced them to reassess their relationships with other countries.

Professor Mohamad Firas Naeb, president of the Dubai-based Strategia Center for Studies, told CGTN that Gulf states are re-evaluating themselves and their relationships with other countries. This reassessment, he said, is not limited to political relations but also extends to trade and broader economic cooperation.

Business leaders in the Gulf region are also calling for greater international cooperation to address the crisis. Mohamed Alabbar, founder of Emaar Properties, said this conflict has become a global issue, so countries will need to work together to resolve it because doing so would benefit the whole world.