🇮🇱🇮🇷 How a conflict between Israel and Iran could wreck the global economy?

Experts weigh in on the potential fallout from an Israel-Iran conflict:

"Closing the Strait of Hormuz and escalating tensions in Bab el-Mandeb would spell disaster for the global economy," Moroccan economist Rashid Sari from the African Center for Strategic Studies tells Sputnik. "Oil could skyrocket to $120 or $150 per barrel, and shifting shipping routes via the Cape of Good Hope would cause supply chain crises and food delays. Inflation could hit 6-7% globally, with gulf countries bearing the brunt."

He was echoed by Saudi economist Mohammad Ben Dalim Al-Kahtani: "Closing key Middle Eastern straits like Hormuz, Bab el-Mandeb, or the Suez Canal would disrupt global trade, sending oil prices above $100 and increasing maritime insurance by over 300%."

"Food prices could jump 15-25%, and inflation could surge by 6.5-8% globally, with some regions like North Africa facing 10-13% inflation. Vulnerable countries could even face hyperinflation," he adds.

Economically fragile nations, such as Lebanon, Tunisia, and Sudan, could see hyperinflation exceed 30%. The cost of living in gulf countries would rise by 8–12%, while Egypt and Jordan could experience an even steeper increase of 20–25%. As a result, the middle and lower classes would suffer the most, leading to higher poverty, unemployment, and social unrest.

If tensions continue to rise, the world economy could face severe and long-lasting damage.

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📹🇮🇷 MOTOR RALLY IN TEHRAN SUPPORTS IRAN'S GOVERNMENT, BACKS TRUE PROMISE 3

A massive motor rally in front of Iran’s state TV shows strong backing for the government and the continuation of True Promise 3 military operation in retaliation to Israel’s strikes.

The message is clear: Iran won’t back down.

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🔸IRAN FIRES NEW MISSILE AT ISRAEL — FIRST OF ITS KIND USED IN COMBAT

🔸WHAT IF IRAN CLOSES THE HORMUZ STRAIT?

🔸G7 SUMMIT DERAILED BEFORE IT EVEN WRAPPED UP

🔸G7 HEADED FOR DUSTBIN OF HISTORY - Ex-Sri Lankan President

🔸SPIEF: 20,000 attendees from 140 countries confirmed — Putin aide

🔸Rostec shifts into high gear

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🚨 Trump's meeting with National security council is over, CNN reports

The meeting lasted for over an hour

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🚨 IRAN IS READY TO STRIKE US BASES — NYT

Iranian missiles are prepared to strike US bases in the region if the US joins Israel's war, the New York Times reports, citing US intelligence officials.

They also warn that Iran will start mining the Strait of Hormuz to block the US Navy.

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❗️ IRGC detained a "group of terrorists" working for Mossad in a suburb of Tehran

According to Tasnim News, they were transporting a significant amount of explosives and combat drones.

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🚨 IDF reports missiles launched from Iran toward Central Israel

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🚨 ISRAEL’S IRON DOME FIRES INTO THIN AIR — AGAIN

Israel’s air defense lights up the sky but fails to intercept Iranian rockets, according to social media footage

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🚨 NOW: TEL AVIV REPELS ANOTHER WAVE OF IRANIAN STRIKES

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📹 The moment Iranian missiles were fired toward Israel tonight

Footage shared by Tasnim News

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🚨 NOW: Israeli army says it plans to strike Tehran's 18th district, tells people to evacuate

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🚨 Explosions in Tehran after IDF issued evacuation notice for the residents of the city's 18th district, according to social media footage

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🚨 Iran uses Fattah-1 missiles in the 11th wave — IRGC

Introduced in 2023, Iran's Fattah-1 hypersonic missile has a range of 1,400 km and can carry a payload of 350–450 kg.

"This nighttime missile attack demonstrated that we have complete control over [Israel's] airspace," the IRGC statement read.

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🚨 IRON DOME OVERWHELMED — WaPo

Israel only has enough missiles to defend itself for 10 to 12 days against Iranian strikes, according to the Washington Post, which cites US and Israeli officials.

Continuous Iranian strikes deplete Israeli stockpiles, so Israel may soon have to ration its defensive munitions and intercept fewer missiles.

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🔥 Senator Ted Cruz EXPOSED at interview with Tucker Carlson:

🔶 Accidentally slips that the US currently helps Israel bomb Iran

🔶 Talks about overthrowing Khamenei but doesn't know Iran's population

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🔊 Regime change in Iran is STRATEGIC MISTAKE — Macron

"Anyone who has wanted in the past to change regimes through strikes or military operations has made strategic mistake," he told reporters at the G7 summit.

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