US EditionMiddle East War: Global Economic Fallout
- Patrick Pouyanne, CEO of TotalEnergies, warned that if the Middle East war lasts more than six months, all global economies will be harmed.
- Pouyanne stated that the impact of the conflict could be managed if it lasts three to four months due to existing oil inventories.
- Iran's military threatened to fully close the Strait of Hormuz if the US targets its power plants.
- North Macedonia reduced the VAT on petrol and diesel from 18% to 10% to address rising prices caused by the war.
39 Articles
39 Articles
Here are the latest global economic developments on Saturday towards, while the war in the Middle East has been going on for three weeks.
The European Commission has called on states to reduce their gas filling target. The post Saturday 21 March: the global economic consequences of the Middle East war appeared first on Les Affaires.
Addis Ababa, March 12, 2018 (FMC) The ongoing war in the Middle East is creating economic risks that could affect every part of the world. The US-Israeli-Iranian war, which is now in its third week, is escalating rather than easing. The escalation of military tensions in the Strait of Hormuz has led to a major disruption in global oil supplies. This is putting every part of the world under economic pressure. Countries in Asia, the Middle Eas…
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