Amer Al-Shubki, an economic expert, has raised alarms regarding serious economic repercussions if tensions in the region continue, especially if the Strait of Hormuz were to be completely closed. He highlighted that the region, along with the global economy, is facing a global energy crisis with imminent consequences that are likely to be the most severe in decades. Al-Shubki stated that the Gulf's significance as a principal energy source means that any disruptions could have dramatic impacts, given that about 21 million barrels of oil and nearly a quarter of the world's liquefied natural gas passes through this critical area daily.

The expert elaborated that a halt to these energy supplies could lead to a sharp rise in energy prices, exacerbating widespread global inflation. He predicted that oil prices could exceed the $100 per barrel mark as markets open, with the potential for prices to climb even higher if the crisis persists. This surge in oil prices would adversely affect global economic growth and financial market stability, particularly in major industrial nations.

Furthermore, Al-Shubki indicated that the repercussions of the crisis are already becoming evident in the marine insurance sector, highlighting that firms like Lloyd's of London are beginning to respond to the heightened risks surrounding maritime energy transportation. With the situation developing, the reliance on the Gulf regions for energy supplies underscores the fragility of global markets in the face of geopolitical tensions.