RESEARCH AND COMMENTARY

Through its publications, INSS provides rigorous, forward‑looking research and analysis on critical national security issues that support the joint warfighter and inform Department of War decision‑makers.

 

Research and Commentary

News | June 14, 2026

What Does the Iran War Mean for the Global Economy?

By Dr. T.X. Hammes InkStick

From the price at the pump to shipping costs, Dr. T.X. Hammes joins other experts to share viewpoints on the Iran war's impact on the global economy in a set of articles in Inkstick

In the first Gulf War, Iraqi mines disabled the USS Princeton and the USS Tripoli. At the time, the Tripoli was leading a mine clearing task force with significantly more mine clearing assets than in the Gulf today. Despite the task force’s best efforts, mines precluded any amphibious operations in the northern Gulf. Unfortunately, the challenges of mine clearing today are an order of magnitude more difficult than in 1991. Today’s mines are much more sophisticated. They can be deployed at multiple levels — floating on the surface, floating or moored in the water column, and placed on the bottom. 

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