Global economy choking as US-Israel-Iran war ignites markets
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Global economy choking as US-Israel-Iran war ignites markets
The Strait of Hormuz — through which 20% of the world's oil flows — is paralyzed after Iranian retaliation strikes. Hundreds of tankers stranded. Brent crude surged to $90. European spot gas prices jumped 80% in days.
Industrial impact: Qatalum aluminum plant halting production. Aluminium Bahrain declares force majeure. Gulf nations produce 8% of global aluminum — prices soaring. Semiconductor supply chains threatened: helium (critical for chip manufacturing) has no substitute.
Tech: Drone attacks damaged Amazon data centers in UAE and Bahrain. Foxconn chairman warns of broader impacts.
Airlines: Wizz Air warns $58 million profit hit. Stocks crashing.
Recession risks: Morgan Stanley warns "recession scenario." Goldman: $100 oil slows global growth by 0.4%. Barclays: earnings expectations will be revised down.
Real cost: US gas $2.98→$3.32 in one week. German economy faces €40 billion loss over two years if oil hits $100. French industries cutting production.
We condemn the Trump administration for launching war without calculating consequences. We condemn the Netanyahu government for regional escalation. We condemn the military-industrial complex profiting while ordinary people pay double for fuel. We condemn a financial system that lets politicians play soldiers while economies burn.
Washington lit the fire. Now the whole world burns.
#Economy #OilPrices #Inflation #Recession #StraitOfHormuz #WarEconomy
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