The Israeli-Hamas war has sharpened focus on rising geopolitical risks for financial markets, as investors wait to see if the conflict draws in other countries with the potential to drive up oil prices further and deal a fresh blow to the world economy.
Israel's Prime Minister Benjamin Netanyahu vowed on Sunday to "demolish Hamas" as his military prepared ground operations in Gaza to root out the militant group, whose deadly rampage through Israeli border towns stunned the nation.
SourceThe conflict in the Middle East has never subsided, but as stated by several people in this forum, the turmoil in the Middle East did not have a serious impact on the global economy, in contrast to the conflict between Russia and Ukraine which had a very big impact. affect the economy. world.
However, on humanitarian grounds, I really hope that the conflict in the Middle East can soon subside, so that every country can gain its own independence and everyone can live in peace and tranquility. So that the economic activities of each country can run smoothly.
While the most recent war is not having the same economic effects than the ones we saw when Russia invaded Ukraine, the real problem is that now we have yet another conflict which will bring uncertainty to the world economy, which may allow other actors to try to take advantage of the turmoil in order to launch their own offensive wars or to try to destabilize the world economy even further, and neither of those two possibilities are good for anyone.