Greetings friends!
Iran war is turning into a very dangerous situation for the world. The leader who initiated it expected a quick and easy victory, believing Iran would soon fall under his control. Instead, his plans shattered. This conflict has escalated and the war is still continues.
This war is not only killing people in Iran and neighboring countries; it has also become a global crisis. Oil supplies have been disrupted, choking the flow of goods and services across the world. The Strait of Hormuz which is crucial for the global economy is blocked. Meanwhile, the Red Sea route is also closed because of the conflict. Oil is not just a means of transportation for the world, it functions like the lifeblood of the global economy.
In today’s interconnected world, every country depends on others for multiple essential goods. For example, India imports petroleum, lentils, and cooking oil from other countries. India has oil in reserves for few days, but one day that may be depleted. If that happens, the consequences would be disastrous for our economy. Even now we are receiving petrol and gas, but if the supply is disrupted, transporting goods from one place to another will become nearly impossible. People will suffer severely despite having money. Even if India is able to get oil from the US or Russia, that will be very costly and decrease the value of Indian Rupees. That will further erode the economy of India. This will be the same for most of the countries.
In Middle Eastern countries, power plants, refineries, and desalination facilities are being attacked. This is extremely dangerous for the people living there and will eventually cause suffering in other countries as well because oil exports from the region will become impossible. Such a disruption would damage economies around the world and harm millions of people.
That's why for the sake of everyone, no matter which country one belong to, it is essential that this war must be stopped soon. There is no other option for this world.
Thanks!
This has already happening. I can see scarcity in my store where I work. !LADY
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