Global Repercussions:
The Israel-Hamas war adds to the uncertainty and anxiety in the global economy, along with other recent geopolitical events.
If the war escalates and involves more countries, especially Iran, it could lead to significant disruptions and economic slowdown worldwide.
Crude Oil Prices:
While Israel and Gaza are not major oil producers themselves, the war could affect oil-producing countries in West Asia, including Iran and Saudi Arabia.
Any disruption in the Strait of Hormuz, a crucial oil transit route, could impact o...
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