"no need to worry. we are far away from middle east."
We are far from the Middle East, so we have no worries about attacks. But the Middle East is not far from the world economy, we cannot protect ourselves from the effects of war in this Middle East. The world economy depends on oil and is connected to the Middle East, if the Middle East is unstable, the world economy will definitely be affected. Especially when the Strait of Hormuz has been closed and a crisis of oil and gas is being created in the world.
The main driving force of the economy is energy resources, i.e. oil and gas. Since Iran closed the Strait of Hormuz as its war strategy, almost all the surrounding countries are facing energy crises, which is not positive for the economy. No matter which country you live in, you will have to pay the compensation for this war.