How Georgia businesses could be impacted by the Iran war

A sign reflects the current gas prices at a convenience store and filling station as motorist pass through an intersection in Garland, Texas, Monday, March 9, 2026. (AP Photo/Tony Gutierrez)

Georgia economists are weighing in on how the local economy could be impacted by a prolonged U.S.-Iran war.

The war in Iran has entered a second week. Oil prices jumped above $100 per barrel on Monday as the war has disrupted oil supply chains in the Persian Gulf.

Rajeev Dhawan leads Georgia State University’s Economic Forecasting Center. He says if China, a major trading partner with Georgia, loses access to the oil it depends on, businesses here could feel the impact.