Quote from: Oshosondy on Today at 08:16:35 AM

I will expect the oil price to increase but I do not know how it can affect the global economic.

In my country the oil price increase,s and now the price of commodities will follow. That is how it will affect the global economy.

Quote from: justinlamode on Today at 06:13:37 PM

Wars will generally seem to have a negative effect on Bitcoin, it happened when the Russia and Ukraine war broke out and we have seen it repeat during the ongoing Isreal and Iran war. But somehow, Bitcoin finds a way to overcome the impact of these wars, this is why I believe that the ongoing dip in the price of Bitcoin will not last long and Bitcoin will revise to the upside irrespective of what either party to the war does. This is even the best time to buy.

Doesn't Bitcoin rally during the Russia and Ukraine war? I think many have converted their money to Bitcoin in fear of losing its value, as a result Bitcoin jump in price. Although during the Iran and Israel War, it is somehow opposite so from these scenarios we can't actually be sure to say that war has a negative effect on Bitcoin.

Quote from: asriloni on Today at 05:29:14 PM

Quote from: laijsica on Today at 05:19:34 AM

Among them the Iranian parliament has approved the closure of the Strait of Hormuz, an important shipping route for goods located near Iran maritime borders. Almost bout 20% of the world oil and gas is supplied to various countries of the world through this shipping route. If Iran closes this road, it will have a far-reaching negative impact on the global economy. What is your opinion?

It's bad, really really bad. The closure of Strait of Hormuz obviously can trigger the inflation. The oil price will be jumping surpass post-ukraine invasion by russia.

It will be surely trigger the price for goods to increase as the shipping cost would cost more due to the oil price increase

For the countries that have big oil reserve, they may be fine. However, things totally differ for those countries who only relied upon oil import.

True, the oil company in my country is starting its price increase, and many people are worried that the cost of almost everything will increase since the major effect of the oil price increase is directly on the cost of transportation.