Among the first articles I wrote immediately after the Zionist–Evangelical aggression against Iran was an article titled:
“The aggression against Iran today determines our fate today and tomorrow.”
Today, we find ourselves facing a global economic crisis that will affect everyone. With the potential closure of the Strait of Hormuz—a strong pressure card in Iran’s hands—we may find ourselves confronting a new economic reality, extremely tense and complex, from which many transformations and changes will emerge.
In these lines, I present some aspects of this severe crisis:
Around 20% of global oil supplies pass through the strait. Any disruption would lead to:
* A very sharp rise in prices (potentially exceeding levels seen in major crises).
* Strong volatility in markets.
Result:
A global increase in energy costs, directly impacting all sectors.
Prices of goods will also rise, and inflation will intensify, since oil is involved in:
* Transportation
* Industry
* Agriculture
Therefore:
* Food and essential goods prices will increase.
* Global inflation may become severe, especially in energy-importing countries.
Partial collapse of Gulf economies (if the closure persists):
Despite rising prices:
* Inability to export
* Disruption of revenues
could lead to financial crises in some Gulf states.
Global financial market disruption:
* Decline in stock markets
* Investors shifting toward:
* Gold
* Safe-haven assets
Risk of global recession:
If the closure continues:
Rising energy prices + inflation + declining production
= A broad global economic recession.
Everyone knows with certainty that the driving force behind the aggression against Iran is Israel, the occupying entity of Palestinian lands (1948 and 1967). This occupying entity deals with the countries of the world as hostages, deciding at will when to wage wars and occupations, and caring only about its own interests and its Zionist project.
