As the conflict involving the US and Israel against Iran enters its third day, approximately 10% of the global container shipping fleet is currently stranded within the Persian Gulf or awaiting passage outside. This situation is anticipated to have ripple effects across global trade lanes, according to industry experts speaking at TPM26. Concurrently, an economist noted that unpredictability has become the 'operating model' for the Trump administration, influencing economic forecasts. Former US Treasury Secretary Yellen warned that the ongoing conflict and subsequent potential rise in crude oil and gasoline prices pose a new risk to US economic growth, as consumers may reduce spending.