The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation.
If this breaks out war among the other countries also then we might see a economically poor situation in each country. Each country participating in the conflict would suffer in this case. This might not be the same situation like world war because the weapons used in those world wars were not such advanced as the weapons now are been owner by the countries.
There are nuclear weapons along with some most destructive ones and on use of those weapons, each country might suffer not only economically but also physically.
Any global war like situation might be fatal for the entire human race. Also each country would sell their resources in case a global war breaks out and they would convert their resources into weapons for destruction which according to me will bring global crisis and each country would suffer no matter how powerful the country is.