TEHRAN- According to recent data from the International Monetary Fund, the surge in oil and gas prices triggered by war in Iran could cost the global economy approximately $600 billion.
TEHRAN- According to a recent Financial Times report, the military aggression by the United States and the Zionist regime against Iran has inflicted what the newspaper calls a “painful triple blow” on poor countries.
TEHRAN- What begins as a military confrontation in the Persian Gulf never stays there. Two months into the second joint American and Israeli campaign against Iran, the world is waking up to a harsh reality: the shockwaves have escaped the energy markets and are now tearing through global supply chains, food security, and the economic stability of nations.
TEHRAN- The Secretary General of the Shipping and Related Services Association of Iran said that a naval blockade of Iran will only lead to worsening global inflation, exacerbating the global fuel shortage, and causing immense international losses for all countries.
TEHRAN- Simultaneously with the escalation of geopolitical tensions in the Persian Gulf and the halt of vessel traffic in the Strait of Hormuz, media outlets have reported on China's decision to conclude oil contracts based on the Yuan with Persian Gulf countries, a move that analysts have interpreted as a challenge to dollar hegemony and a silent earthquake in the global economy.
TEHRAN- An economic expert, stating that the Strait of Hormuz will determine the future of the global economy, said: Given the $40 trillion debt of the US federal government and Russia's decision to sell oil in yuan, not only will America's position in global trade weaken, but it will also further cement China's role in the global economy.
TEHRAN- As tensions escalate between the US-Israeli alliance and Iran, economists are warning of a seismic shock to the global economy.
