🎙️🌍 Global Analysis InfoPod: What If the Iran War Lasts Six Months? Politica UK News Extra by Sarnia de la Maré FRSA
Welcome to the Politica UK InfoPod. A growing question among analysts is no longer whether the Iran war will escalate. It is how long the conflict might last. Because if the war were to continue for six months, the consequences could reach far beyond the battlefield in the Middle East. The first and most immediate effect would likely be felt in global energy markets. Roughly one fifth of the world’s oil normally passes through the Strait of Hormuz, the narrow shipping channel connecting the Persian Gulf to the global ocean. Disruptions to that route have already shaken markets, and experts warn that prolonged instability could remove tens of millions of barrels of oil from global supply. ( Wikipedia ) If the conflict continues for months, analysts say oil prices could climb well above one hundred dollars a barrel and potentially reach around one hundred and thirty dollars in extreme scenarios. ( Chatham House ) Higher oil prices ripple through the global economy. Fuel costs rise, airli...