Iran War Will Leave a Complex Geoeconomic Legacy..

[so98nn]

This is definitely by far major change in the economics of world. On the one side the War is underway and on the other side it's definitely smart economist who must be studying the impacts of this and outlaying all the foreign policies for future to come. Iran is now going lead the Strait of Hormuz as powerful shield against many countries.

Many countries would want to form a friendly alliance with Iran if it won the war in the future as they would be controlling major oil reserves and transports from the Hormuz.

It would be very interesting to see how the global leaders will react with each other. Like who will have which diplomatic relation with whom to maintain the economical situation in the time to come.

[Iranus]

I think so, and we're starting to see how each country is making decisions so that they won't be hit too much economically. So, it's time for those hugely affected by this conflict on which side they're going to be. Iran just announced that any countries who likes to pass the Strait of Hormuz needs to kick out any representative or ambassadors of US and Israel on their countries. I saw it in the news that one country has already made up a decision and that's Spain, I haven't seen any new country to be reported that decided with the said thing.

Spain is not taking side and its decision to permanently withdraw its ambassador from Israel has nothing to do with Iran's demands. They did this to strongly protest the US and Israeli attack on Iran. Previously, they had also refused to allow the US to use joint military bases to attack Iran.

It can be said that this is one of the few European countries that dares to stand up and speak the truth and protest against the evil deeds committed by the US.

[goldkingcoiner]

I think so, and we're starting to see how each country is making decisions so that they won't be hit too much economically. So, it's time for those hugely affected by this conflict on which side they're going to be. Iran just announced that any countries who likes to pass the Strait of Hormuz needs to kick out any representative or ambassadors of US and Israel on their countries. I saw it in the news that one country has already made up a decision and that's Spain, I haven't seen any new country to be reported that decided with the said thing.

Spain is not taking side and its decision to permanently withdraw its ambassador from Israel has nothing to do with Iran's demands. They did this to strongly protest the US and Israeli attack on Iran. Previously, they had also refused to allow the US to use joint military bases to attack Iran.

It can be said that this is one of the few European countries that dares to stand up and speak the truth and protest against the evil deeds committed by the US.

Spain is part of NATO. It will unfortunately be pulled into this war if it is not stopped.

A lot of doomtalk on this thread. Maybe the world leaders think they can survive in the mountain caves or something? Everyone is trying to stop this madness in their own way. At least I hope.

[Joy_learns_crypto]

We are already feeling the economic impact as gasoline prices have increased significantly. I’m speaking based on experience in our country, because whenever fuel prices go up everything else usually follows.

Right now some people are even stocking gasoline since another increase is expected tomorrow. And this might just be the beginning, since conflicts like this rarely end quickly. Even if the war itself eventually stops, the economic effects usually continue for a long time. So in reality the impact becomes global, and many countries feel the pressure even if they are not directly involved in the conflict.

Fuel price has gone up in my country I don’t know if it caused by the Iran war and also over here when fuel prices goes up almost every thing prices goes up.
It is a shame if my country has to experience fuel price increase because of the war in Iran, we have large amounts of petroleum resources but we still depend on outside sources.