Latin America economy affected by international tensions

Latin American economy in shadow of war against Iran — The "Economic Commission for Latin America and the Caribbean" warned that even if recent diplomatic progress between Iran and the United States remains stable, the shock consequences of war against Tehran and disruption in the Strait of Hormuz will persist throughout 2026 on the economies of Latin America and the Caribbean. These consequences have affected trade and government budgets, manifesting as inflation, fiscal pressures, and contractionary monetary policies.