Domestic GDP 'pushed down by 0.18% annually' due to Iran attack - Expert estimate

Regarding the attacks on Iran by the United States and Israel, Takahide Kiuchi, Executive Economist at Nomura Research Institute, estimates that if the military conflict prolongs and continues to affect crude oil transportation through the Strait of Hormuz, the rise in crude oil prices would push down the domestic real GDP by 0.18% annually.