Mar 10 β€’ 07:54 UTC πŸ‡­πŸ‡· Croatia Narod.hr

Open: War with Iran could seriously shake the world economy

The ongoing conflict in the Middle East has intensified, with US-Israeli attacks on Iran continuing and escalating tensions affecting the global economy.

As the conflict in the Middle East enters its tenth day, tensions in the region are escalating rapidly. The ongoing US-Israel strikes against Iran have prompted Iran to begin launching significant counterattacks. The impacts of this conflict are being felt globally, particularly in the energy markets, where crude oil prices have surged amid growing uncertainty regarding energy supplies. This topic was discussed in-depth during a recent episode of HRT’s program "Otvoreno," featuring experts including Gordan Akrap, the vice-rector of the University of Defense and Security 'Dr. Franjo TuΔ‘man', Goran Bandov from the University of Zagreb, and energy expert Davor Ε tern.

Gordan Akrap noted that the US and Israel have efficiently incapacitated many of Iran's military capabilities in a much shorter timeframe than expected, including its navy, air force, and air defense systems. He reported a significant decrease in the number of ballistic cruise missiles available to Iran, a quantity diminished by the extensive military actions taken during their previous conflicts, where around 400 missiles were launched daily. The strategic repercussions of these developments suggest a significant shift in Iran's military strategy and readiness.

Furthermore, the dialogue among the experts underlined the broader implications of the ongoing conflict on global economic stability, especially in light of rising oil prices as markets react to the heightened instability. Such developments raise concerns over energy dependency and the ripple effects they could have on economies worldwide, making this conflict not just a regional issue but one with far-reaching international consequences.

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