The economic impact of the Iran-US war could outlast its end, with a report claiming that mine clearing in the Strait of Hormuz may take six months.
According to a Washington Post report, the US Pentagon has informed Congress that the clearing of mines placed in the Strait of Hormuz could take six months, a process unlikely to be kickstarted unless the war ends.
This potentially means that the economic impact of the war could be felt all throughout 2026 or even beyond, the report said.
The report also stated that Iran used GPS technology to remotely float mines in the sea, a process that began in March at the height of the military escalation between Iran and the US.
A senior defence official told US lawmakers that 20 or more mines were placed in the Strait of Hormuz and that the GPS tech use is making it difficult for US forces to detect them.
The economic fallout from the Iran-US war could last for a long time even if the conflict ends, with global economy, oil prices and markets taking a long time to stabilise.
