Amr Adib warns that Iran war could shake the global economy
The price of a barrel of oil has returned to US$85, with expectations that it could reach $90 if the escalation continues, he explained, warning of the impact this could have on the global economy.
Iranian Oil Facilities The targeting of facilities linked to the Iranian oil industry represents a new development in the war, he warned, noting that this escalation has raised increasing concerns about the widening scope of tension in the region, which has directly impacted global markets.
Global markets quickly reacted to these developments, with oil prices recording a significant increase, he said, noting that the price of a barrel of oil has returned to the $85 level, with expectations that it could reach $90 if the escalation continues.
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