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Israel vs Iran War Discussion - Impact of this war on Global Economy

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Small countries with very less power and resources. Israel has US, Iran has Russia and China. The big daddies won’t be too keen to fight in Iran vs Israel.

All in all, localised issue with very limited impact.

Most likely
 
abhiaj_geek said:
Small countries with very less power and resources. Israel has US, Iran has Russia and China. The big daddies won’t be too keen to fight in Iran vs Israel.

All in all, localised issue with very limited impact.

Most likely
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Israel can beat India if it comes to war.. small country.. huh 🤔
 
Iran threatens to block Strait of harmuz.. The connect way for Saudi, Iraq and UAE for supply of crude oil to India.. If this happens then crude oil might shoot up till 120$ / barrel.. When war started it already went up by 12% rise..
Plus India can't use export channel through this as it will be blocked inturn India has to move all the way though Africa continent to reach EU nations..

It's all predictions by experts.. Only this can prevail if these goes for months + deliberately they block the channel.

This is India case.
Overall world case,
Transportation will be affected for nearby countries.
Imports and exports will take a hit.
Travel will be hit.
Aviation industry will take a hit.
Oil and gas will take a hit.

Overall,

Poor ppl - Don't care.. Either live or die.
Rich Ppl - Why should I care.
Politicians - Let's play some politics.
Middle Ppl - the lone suffers due to inflation ride.. Now he needs to search an opportunity to make money so that he can become rich.
 
Plus India can't use export channel through this as it will be blocked inturn India has to move all the way though Africa continent to reach EU nations..
Click to expand...
I think most of the exports go through the Suez canal. Why will anyone export via Persian gulf? it will require huge amount of road travel via Iraq/Iran + turkey and then eastern Europe. Instead via Seuz, you directly dock at the European ports.


Fuel imports will definitely be affected, but Saudi Arabia/UAE/Kuwait and USA won't let it happen I guess?
 
Topics related to Israel often escalate and become political and religious in nature. It’s best to avoid such discussions in the credit card forums. We have a diverse group of people here who come together to talk about a financial tool like credit cards, with other topics being secondary. I hope you agree that it’s wise to steer clear of these discussions!
 
iSayyed said:
Topics related to Israel often escalate and become political and religious in nature. It’s best to avoid such discussions in the credit card forums. We have a diverse group of people here who come together to talk about a financial tool like credit cards, with other topics being secondary. I hope you agree that it’s wise to steer clear of these discussions!
Click to expand...
Yup you are right.. That's why @BVC bro has said no religious topic and let's stick to the topic of global economy inturn affecting our economy..
This is 90% Credit card forum but other topics regarding debit cards, all types of banking systems are discussed here..
And don't forget about the insurance and stock markets which is discussed too and helped a lot of people here.
These war will affect us who are invested their amounts in stock market and mutual funds..
It will be a healthy discussion which inturn reflects our financial portfolio.

If such away from topics go then Mods are there to tc of.. No worries..
 
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