Today (March 11) is the 12th day of the war between US-Israel and Iran. The impact of the war is not limited to these countries only, but many countries of the world have come within its scope. Gas supply is at risk due to tension in the Middle East. However, to deal with these challenging situations, India has intensified diplomatic activities. Let us know what impact this war has had on the world economy, which countries are benefiting and losing from it and what it means from India’s point of view.
The effects of the war in the Middle East are beginning to be seen. The prices of crude oil are increasing, its effect can also be seen on the prices of petrol and diesel. Inflation will increase worldwide. Gas prices are increasing in the world and this crisis may become bigger in the future. Due to the closure of the Strait of Hormuz, ships are stranded, due to which shipping prices will increase. Fertilizer prices will increase, which will cause losses to farmers. Air traffic will become more expensive.
Who is gaining what from the war and what will be achieved in the future?
America benefits
– US President Donald Trump is reducing the discussion of Epstein’s controversy.
– The market for selling weapons will open, American arms companies have already received orders, their stocks are sky high.
If America wins, Iran’s oil will be captured.
benefit to russia
– The longer the war continues, the more Russia will benefit, the world will buy its oil.
– Will win Europe over to his side.
– Can reduce the restrictions imposed on you.
– He will get an edge in the war with Ukraine.
benefit to israel
– It will have dominance in the Gulf countries.
– Israeli Prime Minister Benjamin Netanyahu may benefit from victory in the elections.
Other beneficiary countries are Canada, Norway, Brazil and Yuan.
– Will benefit from increased oil prices.
– Norway is selling expensive gas to Europe.
– Canada is also supplying gas and oil to America and other countries.
– Brazil and Guyana have also come in the list of safe oil exporters.
Dubai, which used to function as a financial hub of the world till now, has suffered losses. Singapore and Switzerland can take advantage of this.
loss making countries
– China, India, Japan, South Korea, European countries — big oil importers, inflation and economic pressure are increasing.
– Small countries of Asia which trade with Gulf countries.
– Gulf countries (Saudi, UAE etc.) own oil exports may be disrupted. Their infrastructure has also suffered major damage due to the attack.
– Iran is being devastated the most, it is suffering huge losses in every aspect due to the attacks.
– Israel and America – The cost of war is huge, billions of dollars a day, even if military companies earn.
If the war continues for a long time, the countries of Europe will have to pay a heavy price.
loss of humanity
– UN has considered it a big crisis for humanity.
– About 3000 people have been killed in this war, of which about 90 percent are the general public.
– Around 200 children have lost their lives.
– About 2 lakh people have become homeless in Iran and Lebanon.
– Hospitals, schools and people’s houses have been blown up.
– Millions of people are fleeing Lebanon.
The lives of people who came from India and other Asian countries to work as laborers in Gulf countries are in limbo.
environmental damage
– The marine environment is being harmed by war at sea.
– Release of fuel, heavy metals, PFAS, dioxin from attacks on military sites, hospitals, tire storage etc.
– Fear of long-term radiation leaks from nuclear material from war.
-The air is becoming poisonous due to attacks on oil depots and refineries, which also threatens the environment and people’s health.
