Analysts: Iran's response could hit the global economy beyond oil

Market analyst Shawn Donnan says Iran's initial response so far may be limited. But it's another reminder that the conflict could hit the global economy beyond oil in a number of different ways. The missile launch shut down the airspace of Qatar and the United Arab Emirates and disrupted commercial flights to Doha and Dubai. It's a temporary precaution, and if it's a one-off, things could get back to normal soon. But the two Gulf states are home to major aviation hubs, and if such an event were to happen in the coming summer, it would cause major disruption. It's not what global airlines, already dealing with the impact of tariffs and razor-thin profits, want.