What's new

How will the US–Israel war against Iran impact the global economy?

Cricket Warrior

Super Moderator
Staff member
Joined
Aug 12, 2023
Runs
24,686
The escalating conflict between the United States and Israel against Iran is starting to raise serious concerns about the global economy. The Middle East is a key energy region for the world, so any instability there can quickly impact oil prices, global trade, and inflation. One major concern is the Strait of Hormuz, through which around 20% of the world’s oil supply passes, making it a critical route if tensions continue to rise.

Oil prices have already started to climb, and global markets are reacting with a lot of uncertainty. Higher energy prices could push inflation up, increase transportation and production costs, and potentially slow down economic growth if the conflict drags on. Some analysts are even warning that prolonged disruption could lead to stagflation or possibly a global recession.

What do you guys think? How big of an impact could this war have on the global economy, and which countries or regions are likely to be hit the hardest?
 
Don’t put all your eggs in one basket or to be clear don’t put everything you have in a bank account. Hold hard assets , house, gold, silver , antiques or land .

If this war continues by the summer , the global economy will collapse , banks may close , leaving you broke .
 
Don’t put all your eggs in one basket or to be clear don’t put everything you have in a bank account. Hold hard assets , house, gold, silver , antiques or land .

If this war continues by the summer , the global economy will collapse , banks may close , leaving you broke .

Yup. Diversification is the way to go.

Gold is very good during these times.
 
if this escalates for another few weeks, $200 oil, and rates up by 150 bps, however knowing trump he'll wake up one morning, claim victory and and make a tonne of money as the trades unwind.
 
Indian Navy is Quietly Guiding the Country’s Ships Through Strait of Hormuz

Indian government officials confirmed in media reports that the country continues to quietly guide its ships out of the Persian Gulf. The reports indicate that after contact with the Iranians to ensure safe passage, the government launched “Operation Urja Suraksha” to guide and protect critical shipping out of the region.

The IANS News Service detailed the operation with confidential information from government sources. According to the report, the operation is underway with the “highest degree of caution and minimal publicity” to ensure the safe evacuation of the Indian-flagged ships.

India’s Shipping Ministry had said there were 22 Indian-flagged vessels with over 600 seafarers in the western Persian Gulf. There were also three ships with an additional 76 Indian seafarers east of the Strait of Hormuz. According to the latest report, India identified 20 of the vessels as high-priority as they were carrying LNG, LPG, and crude oil.

More than five Indian warships have been dispatched, and they are leading the first element of the support operation. While none of the warships have entered the Strait of Hormuz, they remain above the Gulf of Oman near the terminus and are in constant communication with the merchant ships.

After securing permission from Iran for the ships to transit the Strait, the warships are providing guidance on the route. They are reported to be providing instruction as well as the procedures the ships should follow. This is considered to be critical as Iran is forcing the ships to take a different route from the Traffic Separation Scheme and closer to its coastline. Ships are being individually guided with precise instructions.

Once a ship clears the Strait of Hormuz, it is met by a series of destroyers and frigates. The support extends through the Gulf of Oman with additional warships and logistics in place.


 
Back
Top