An oil storage facility burns after being hit by Israeli airstrikes in Tehran, Iran, on Sunday, June 15, 2025. (Arash Khamooshi/The New York Times) By PETER S. GOODMAN In the most hopeful scenario for the global economy, the latest war in the Middle East ends within a few weeks. The region continues to produce oil and gas. Shipping resumes in the Strait of Hormuz, preventing a shock to the world’s energy supplies. Fear of inflation subsides. But experts cautioned against any hasty sense of…
