US EditionWhy Would a War 13,000 Kilometers Away Complicate Costa Rica’s Economy?
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Why would a war 13,000 kilometers away complicate Costa Rica’s economy?
Q COSTARICA — Thanks to a domino effect starting with fuel prices, the cost of living for Costa Ricans is expected to increase in the coming weeks due to the conflict between the United States, Israel, and Iran. Economic experts and business leaders are warning of a surge in international crude oil prices and, consequently, a direct impact on the economy. In fact, since the start of the conflict, the price of a barrel of WTI crude, which serves …
The escalation of the conflict in the Middle East between the United States (US) and Israel against Iran not only has an impact on global geopolitics, but also has the potential to create significant political and economic pressures domestically.
It is stated in the newspaper 'The Wall Street Journal', which recalls that previous war offensives have caused recession in the US country. Due to energy diversification and an increase in production, the economy is more protected from a potential oil crisis, but new risks appear, they warn.
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