The economies of most countries are under threat.

[Leahized]

The only solution to this problem is settling peace in this war, if peace is not settled, then the more damages on those involved in the war. No country will be exempted at all. The problem is that, Iran is a religious country that says on voice and act on it no matter what, where they can never surrender and give up their power away. It doesn't work that way for a United country to do such.

In my opinion it is very natural for Iran to take such a step because their biggest religious leader has been killed and they are more desperate for it. Although we know about the war between Iran and Israel for a long time. And Iran signed several peace treaty agreements. Currently, Iran is conducting drone attacks on several countries because they were completely under the control of the United States. And those countries are harmful for Iran. Based on the current situation,Iran will never surrender or cease war. And this will make the foreign economy worse. Which is currently the biggest problem with fuel.

[Spaceman1000$]

It is not clear how long this war between Iran, Israel and America will be limited to these three countries. Iran is attacking US bases in different countries in the Middle East one after another, which is further escalating the war. On the other hand, the US and Israeli armies are not sitting back, but are also counterattacking and causing massive damage to Iran. The issue that is currently at the center of most discussions is fuel oil. The fuel oil reserves of different countries are running out, but the war situation is not normalizing, so if such a war continues for a few more weeks, it will definitely have a big impact on the economies of different countries. The economic condition of all these Asian countries including India, Bangladesh, Pakistan and Sri Lanka will be bad because the economies of all these countries depend on fuel oil and these countries export about 90% of their fuel oil from the Middle East. Due to the closure of the Strait of Hormuz, fuel oil ships are not able to come, due to which there is a fear of a severe fuel crisis in different countries. 
Not only this, but Kuwait has already reduced its oil production due to the successive attacks by Iran, several oil production plants in Saudi Arabia have been severely damaged, due to which the price of crude oil has already increased by about $100 per barrel, which can be called the highest increase.

If the war situation does not normalize, then there will be a severe shortage of fuel oil, and even if some fuel oil is available, it will have to be purchased at a high price.

This particular crisis will not normalize anytime soon, Iran is offended because of their supreme leader that has been killed and if you look at the setup within the Middle East you will see that they are one of the major suppliers and distributors of crude oil within the Middle East to some parts of the World, so an attack on them is a direct attack on the oil market internationally. For everything to normalize it means Iran will have to cease fire, which I don't see them doing that anytime soon or probably there might be some peace broker that will go between the three countries which is Iran, Israel and America, sincerely speaking the rest of the world is in for a long walk.

[Felicity_Tide]

The economies of most countries are under threat

Okay?... This is not new AFAIK. Even the supposed country with world power is currently in debt of over $30 trillion. Let's take the current war aside, a lot of economies currently has crumbled, which has made their government to resort to using tax payer's money in keeping things on track for the main time. I will say that most of these economies are currently on a lifeline. Of course, this war is definitely going to affect a lot of them, but it still doesn't change the fact that majority of these countries, don't have a good government system. With the level of corruption and mismanagement in so many of these countries, the consequences of this fight, and the disruption of oil flow shouldn't have any consequences on them because they where never really impactful as a government.

And just so we know, Iran doesn't look like a side that is willing to take a break at the moment. Trying to change a government despite know how rigid their system has been, is probably the most stupid thing to ever do.

[Die_empty]

This particular crisis will not normalize anytime soon, Iran is offended because of their supreme leader that has been killed and if you look at the setup within the Middle East you will see that they are one of the major suppliers and distributors of crude oil within the Middle East to some parts of the World, so an attack on them is a direct attack on the oil market internationally. For everything to normalize it means Iran will have to cease fire, which I don't see them doing that anytime soon or probably there might be some peace broker that will go between the three countries which is Iran, Israel and America, sincerely speaking the rest of the world is in for a long walk.

The problem is not the oil supply from Iran because they have been under severe sanctions. The issue is that Iran is targeting and bombing the infrastructure and vessels of other oil-producing nations. Some of them have decided to reduce or shut down production because of these attacks.

The biggest threat now is that Iran’s Islamic Revolutionary Guard Corps (IRGC) declared that any ship sailing through the Strait of Hormuz will be a potential target. It is estimated that 20% to 30% of oil supply passes through this channel.

[Muba20]

If the war situation does not normalize, then there will be a severe shortage of fuel oil, and even if some fuel oil is available, it will have to be purchased at a high price.

The war that has started in the Middle East around Iran is not just a war of one country but a serious problem for the whole world. More than 20 percent of the world's total oil supply passes through the Strait of Hormuz. If countries like Saudi Arabia, Qatar, the United Arab Emirates and Kuwait do not produce oil, it will not be difficult to estimate how serious its impact can be. In the meantime, its impact has started to be felt in Asian countries. If the war is prolonged, then it will definitely have a major impact on the Middle East and Asia.

If the supply of crude oil is disrupted, then its impact will be seen quickly in everything in the world. Especially all types of global trade, financial markets can completely collapse. If this situation is not resolved quickly, then we will definitely have to face a major financial disaster worldwide.

[DiMarxist]

Oil is a very important commodity to the economy of any country as it's the major source of energy supply to countries all over the world. The middle east is a very important area when it comes to oil production so any thing that will tend to cause a problem to the oil production in the middle east will in turn affect the rest of the world because, the strait of Hormuz which a major route of oil vessels is currently closed. Already in my country the price of petroleum products such as petrol has increased in price and the reason is connected to this war.

[justdimin]

This particular crisis will not normalize anytime soon, Iran is offended because of their supreme leader that has been killed and if you look at the setup within the Middle East you will see that they are one of the major suppliers and distributors of crude oil within the Middle East to some parts of the World, so an attack on them is a direct attack on the oil market internationally. For everything to normalize it means Iran will have to cease fire, which I don't see them doing that anytime soon or probably there might be some peace broker that will go between the three countries which is Iran, Israel and America, sincerely speaking the rest of the world is in for a long walk.

I would guess that middle east has enough of oil all around them in almost every nation, so Iran is not the only one. However, Iran does have a regional power, even just recently they have broke through the iron dome that Israel trusted so much and had a few missiles hit Tel Aviv, we have seen that and the moment you do, that's telling the world that depending on Iran's Arsenal, things could change.

It's definitely not going to end soon, what did they expected when they killed a nations leader? For them to just roll over and be ok with it? Of course it's going to take a long time and we are going to end up with a lot better results and things will change for the long term without that much of a big deal, we have to wait and see.

[Bluedrem]

Now wars are not limited to a single country. The impact of wars can spread far beyond the borders of the country. In an internal war between two countries, people from two countries may lose their lives and infrastructure from two countries may be destroyed, but its impact is global. Consider the current Iran-Israel war where the Iranians are attacking various countries in the Middle East and they have closed the Strait of Hormuz. As a result, the price of oil is increasing rapidly all over the world. There is no war in the country where I live, but our purchasing power has been greatly reduced due to the Iran-Israel war.

[YOSHIE]

If the war situation does not normalize, then there will be a severe shortage of fuel oil, and even if some fuel oil is available, it will have to be purchased at a high price.

Yes, maybe countries will not have an economic impact if the war occurs in the Middle East. Other regions, apart from Iran, countries internationally understand and know the Middle East, such as Iran, is a geographically strategic economic lane in the international community, that is why many oil-dependent countries in the Middle East have a real impact on other countries, from the economic sector, this is a blow and a burden.

However, unfortunately none of the other superpowers have banned or created a calm situation regarding this war, in fact they know the impact, that is what is regrettable.

[aoluain]

The longer this senseless war goes on the bigger the cost to every country in the world. Every
economy will be hit and from what I have learned the biggest losers economically wise will be
Europe, South Korea and Japan.

Literally everything we consume relies on refined crude oil, whether it is made directly from oil,
or is transported by oil, everything will be affected by the shortage.

Its also worth considering that 20% of the worlds LNG also comes through the strait of Hormuz!

[aioc]

If the war situation does not normalize, then there will be a severe shortage of fuel oil, and even if some fuel oil is available, it will have to be purchased at a high price.

Just today, we have a 50% increase from last week, and the government started giving cash incentives to bus and other vehicle drivers, but the most concerning is that our government doesn't seem to have contingency measures, something every citizen wants to hear. We only have 50 days of reserves.
This is a concern for countries dependent on oil from the Middle East, as it is a major disruption for many third-world countries. Rich countries can maintain reserves for up to 200 days, but poor countries can only hope the situation normalises; third-world countries will have to brace for a major impact.

[Shadiq]

The situation is not very serious yet, even if the price of oil in the world market increases temporarily, it does not have a serious negative impact on the country due to the oil reserves of the countries. If the situation is long-term, then of course the economy and situation of every country will face serious losses. Not only Asian countries will face this loss, but we will see instability worldwide. Oil has a balanced relationship with every product in the market, the market keeps changing based on the price of oil. We can undoubtedly say that if the fuel oil market is unstable, the purchasing power of the currency of every country will decrease and we will see artificial inflation.

However, Iran may not do this, the situation may normalize very soon and a solution to this war will occur. The ongoing war between Iran, Israel and the United States of America may not turn into a long-term big war.

[HajiBagi]

I think but the biggest question in this situation is whether we are really thinking about an oil crisis or a price shock? Because sometimes oil does not run out completely but the price goes up so much that it becomes a major crisis for developing countries. And another question is that why are south asian countries so dependent on the middle east for energy after all these years? This war may last for a few weeks or months but if this dependence does not decrease we will face the same crisis again in the future.

With the way we are seeing this war going gradually it going to affect many things, it has start affecting the whole world because many countries are now start to complain about fuel price even the country that claim to be the one that provide fuel for the other countries, I wonder why all this is happening, why the war has not stopped and why is it that our leaders don’t know that it is affecting the poor people, some people don’t know the cause of the war and it will be the reason why they lost their lives.

No matter how the war affects the country it will never those who have powers, those who have money to do what they like in the country, we are hearing different stories about the war and how other countries are threatening each other about the dept and other things, those things make me feel like the war is about to start again and we that don’t have power should be careful because it looks like we have not see anything yet.

[Dareo]

-snip-
Consider the current Iran-Israel war where the Iranians are attacking various countries in the Middle East and they have closed the Strait of Hormuz. As a result, the price of oil is increasing rapidly all over the world. There is no war in the country where I live, but our purchasing power has been greatly reduced due to the Iran-Israel war.

I personally think that the biggest loss of war is not only for those who are fighting, but also for ordinary people, In countries where there is war, people are losing their lives and infrastructure and even in countries where there is no war, people are under economic pressure. The prices of goods in the market increase, transportation costs increase and the cost of electricity generation also increases. Another thing is that war not only causes problems in the supply of oil but also food and other goods. This makes the world market unstable. Therefore in my opinion the two countries should try to solve the problem through negotiations instead of war, that will bring relief to the people of the world.

[WatChe]

With the way we are seeing this war going gradually it going to affect many things, it has start affecting the whole world because many countries are now start to complain about fuel price even the country that claim to be the one that provide fuel for the other countries, I wonder why all this is happening, why the war has not stopped and why is it that our leaders don’t know that it is affecting the poor people, some people don’t know the cause of the war and it will be the reason why they lost their lives.

No matter how the war affects the country it will never those who have powers, those who have money to do what they like in the country, we are hearing different stories about the war and how other countries are threatening each other about the dept and other things, those things make me feel like the war is about to start again and we that don’t have power should be careful because it looks like we have not see anything yet.

We have a league of Nations called UN that was established after world war II to solve world problem. But we have seen that powerful countries like US and Israel never go to UN for resolution of issues rather they do whatever they want i.e. start an attack on a country. We know Iran has blocked strait of Hormuz as a response to US/Israel aggression and this blockage will remain in place till end of this war. The ongoing war is not only affecting Iran but the whole world because of energy crisis. Iran is attacking GCC countries only because US has military bases in these countries. This war has once again proved that not war but dialogue is the only way to solve the problem and soon US has to sit on table with Iran for resolution of there issues.  

[demonica]

Fuel is one of the biggest problem other countries are dealing right now. And due to this, other essentials will also be indirectly affected, and it will start showing.

In my country, people are already fearing how things will be more expensive. With the fuel price hike, our transportation system is already affected. And it’s already causing an impact to daily commuters. Also, I’ve heard that electricity and water companies here will be implementing a rate increase. Slowly and slowly, others products will also follow with their price increase.

[Cryptomultiplier]

Fuel is one of the biggest problem other countries are dealing right now. And due to this, other essentials will also be indirectly affected, and it will start showing.

In my country, people are already fearing how things will be more expensive. With the fuel price hike, our transportation system is already affected. And it’s already causing an impact to daily commuters. Also, I’ve heard that electricity and water companies here will be implementing a rate increase. Slowly and slowly, others products will also follow with their price increase.

This war that is ongoing is also affecting my country which is in West Africa and it baffles me because we have been made to believe in recent times that oil products are being refined in this country and thus the price was reduced at a certain time, making things easier.

The funny thing is that in my country, when prices go up, they never go down and those who benefit from this are the politicians and government who do shady deals to fill their pocket while they cause prices to soar on the slightest international policies or disputes and it isn't supposed to be so.

[ZAINmalik75]

If the war situation does not normalize, then there will be a severe shortage of fuel oil, and even if some fuel oil is available, it will have to be purchased at a high price.

The rates are higher than ever and I was discussing this matter with a friend who was doing a job with a fixed salary. He was complaining how this situation is affecting them the most because they are still receiving the same salaries while everything that either consumes oil or is moved by trucks that run on oil is expensive, and business owners are able to survive the wave. This is getting really hard for those who are completely dependent on oil and gas.

People in rural areas are doing good while those in urban areas are suffering the most right now. I was seeing the shortage of LPG in India and oil in different countries even if the reserves have been released. On the other hand Trump said they made a lot of profit with this closure because the oil prices went up.

[Findingnemo]

Even the economy of US could be facing a stress right now, because they said they might do the land invasion and if this war go to that stage then it is going to cost billions of dollars from US taxpayers' money for what? To save the women which is bullshit by the way.

[AmaGold70]

Actually, the fight between US and Iran is really influencing the price of petroleum products, precisely fuel. US has large reserve of fuel and of which the countries that depends on them are severely affected, the reason being that, importation of fuel is no longer as easy as it was before. Nevertheless, it is believed that this situation will not continue, once the fight is over everything will go back to normalcy.
When their is war, things are not always in the way they ought to be , the people involved suffer and their dependants also suffer, economic activities are disrupted and in most cases leads to lost of lives and properties.
The war between US and Iran is not only affecting these two countries alone, but other countries that depends on them for survival, and based on this, their is need for peaceful negotiation in other to maintain peace and harmony between US and Iran.