Most countries' economies are facing serious risks

It's hard to say how long this conflict involving Iran, Israel, and the US will stay contained to just these three nations. Iran keeps hitting US bases across various Middle Eastern countries, which just escalates the situation. Meanwhile, the US and Israeli forces are hitting back hard and causing significant damage to Iran. The hot topic everyone’s talking about is fuel oil. Many nations are running low on fuel reserves, and with the ongoing war, things aren't looking good. If this conflict drags on for a few more weeks, it’s definitely going to hit the economies of a lot of nations hard. Countries in Asia like India, Bangladesh, Pakistan, and Sri Lanka are going to feel the pinch because their economies rely heavily on fuel oil, importing about 90% of it from the Middle East. With the Strait of Hormuz being blocked, fuel shipments are getting stalled, raising the alarm for a serious fuel crisis in various places. Also, Kuwait has already scaled back its oil production due to the ongoing attacks from Iran. Several oil facilities in Saudi Arabia have taken a beating, leading to crude oil prices surging by around $100 a barrel, which is a massive jump. If this conflict doesn’t settle down soon, we’re in for a tough time with fuel shortages, and even the fuel that is available is going to be pricey.

Just because oil price went up right now doesn't mean that the world will do badly right away. First of all it would need to stay above 100 dollars for months before it becomes an issue, nobody is childish enough to say that it won't matter if it goes that long, but if the price goes down tomorrow and doesn't become a long term thing, then yeah it will not matter. You have to wait a month before it becomes a real trouble. Secondly, I think Iran situation will ease, we are going to face less missiles and this will not be years long battle.

Don't say so. When the price of oil went up, there is already upset in many countries especially third world countries that doesn't have stable electrical power. They depend on oil to generate power to be able to function properly. There are other source of power from other means but the oil seems to be the readily available to generate mass power for heavy production. Have you also consider the transportation, more than 70% of the car worldwide depend on oil to function. There is a lot of dependency on oil in everything we do today and you know what, it's not like there is no oil, there are many oil in abundance, there are lots in reserve but when there is war, expect people to want to make money. The only time we have to worry is if there is complete reduction of oil from reservoirs and create low supply, there are more than oil enough for every day use but business is business, it's their decisions that is affecting other regions.

While Trump has started something very unpredictable and Israel might pin him there for longer than he wanted, if they keep launching attacks, this war is not going to be very popular at home for many reasons. Firstly because it's going to start pushing prices back up in every area of the economy - from the petrol pump to meat on the table. Secondly, vast amounts of money are being wasted on a country that actually posed little threat to America at all and could be contained by even Israel a much smaller neighbor. The ripple effects are wide and there doesn't seem to be any end goal in sight because there was no plan from the beginning. It was all done merely to create a distraction from the news cycle that was trapped connecting Trump to the Epstein files for months on end. What we are seeing now is just a much bigger spat like he generated with Venezuela and Greenland. It's the most pathetic form of politics quite frankly and he's trying to build up his crumbling base because the midterms are not far away which will likely strip him of power.

I think but the biggest question in this situation is whether we are really thinking about an oil crisis or a price shock? Because sometimes oil does not run out completely but the price goes up so much that it becomes a major crisis for developing countries. And another question is that why are south asian countries so dependent on the middle east for energy after all these years? This war may last for a few weeks or months but if this dependence does not decrease we will face the same crisis again in the future.

Only if you follow the news. All countries are in debt and no country can go bankrupt, countries default, so you can relax.

The global economy has been under threat ever since this orange clown claimed power for the 2nd time last year and that threat is just getting worse thanks to these useless wars which are doing way, way more harm than good for the global population. There is a good chance that he deliberately decided to do all this in order to draw attention away from the Epstein files revelations which clearly failed if that is the case. Hope the oil prices don't skyrocket too much in the coming days.

Countries do go bankrupt. Politicians can relax, as they will be rich anyway. But when a country goes bankrupt, like Venezuela, the whole population just live in poverty. This is not the case now, and the only countries which can go bankrupt are those directly involved in the war in middle east (Iran and the others being attacked by Iran)

We have less than 60 days of reserves, and we are now feeling the significant impact of the impending oil shortage. Iran should be neutralised for the oil tanker to pass through the Strait of Hormuz, as they control this strait and even bombed some oil tankers earlier. This just came out 5 hours ago. This could help the tension of many countries economy but the long term solution is a ceasefire or letting tankers pass the Strait of Hormutz IEA Member countries to carry out largest ever oil stock release amid market disruptions from Middle East conflict

This economy issue over the war is really a thing that will course many damages to many countries who depends so much on oil and gas, in my country despite as nation that produces crude the cost of Petro and other products from crude has increased within the few days of war, citizens are buying products above what they have budget before if this continues the recession may equally hit most countries been affected by this because the government may be spending above their budget, the only way the economy of this nation that depends on this oil or crude can survive in this period is if they hard alternative to anything against oil but where the reserve is the case and this keep increasing most nation will suffer deeply on economic backslide due to this war and recession will not be far from them.

I won't agree with you. If a country faces a fuel shortage, they can't generate energy, and without energy, life will be hard nowadays. It will directly affect our economy. The longer the war, the more problems will come to the economy. Problems have already started in our country. The oil price has been increased, and at the same time, the prices of other products start increasing as well. People are on the line, but there is no fuel in the gasoline station. I tried to get fuel for the bike yesterday, but there is no fuel. Your country would be strong; that's why it's not affected. But my country is a developing country; there is not much reserved there for fuel. So the situation is becoming worse in my country. War should stop soon to solve our problems.

Are there actually any country that doesn't depend on oil and gas? If you are not using oil, you will be using gas fir many things. I don't think there is any western countries with industrialization that doesn't need oil, if you are not depending on it for production, you will depend on importation of products from other countries and instead of doing it cheaper, you will buy at much price putting economy in jeopardy, everyone need this oil for survival including the superior that think he is now the new god on earth that controls the world. Countries with much refineries with less reserve and doesn't have reservoirs for oil will likely suffer more, without oil there will not be production and no productions means no revenue, there will be less work to be done with less man power. It will affect not just the economy but even the people. When this things occur, expect high demand low supply and increase in price if there is no intervention of any kind. I heard UN want to release some reserve of Oil barrels and I just laugh, I can't believe some of the articles I'm seeing as of recent.

It’s the price that is affecting everyone and that is due to the blockage of the Strait or Hormuz as such countries with less reserves definitely are the most vulnerable countries in terms of situations like this. You Asked a question question why south Asian countries are actually heavily dependent on the oil from the Middle East and I ask where do you want them to actually get it from because due to my little knowledge the Middle East has whole of it plus the most important thing is do you consider them going out of Asia to get it when it’s looks close to them. I think this is the most easiest means or way to get it for them at least landing fees will actually reduce

Learn from history of Irak and Afganisthan, on those long way war, US did full military industrial mobilization and have long endurance economically but nowdays the problem Trump faces are domestic political pressure to stop attacking Iran. From military power comparation, we easily understand that US is superior compare to Iran. But Iran's main purpose to make as expensive as can for their enemy pocket, so give up quickly not in their plans, let we she who last the longest in the battle of endurance. Knowing that our country can only secure fuel supply for 20 days left, i feel rather panic especially there are viral appeal from a former intelligence official, thet we need to well prepared for 7 days without electricity & internet. But from news, the first possible solution is buy US's oil because diplomation with Iran leaving deadlock but its also have proble which our oil refenery only suitable for middle east'oil. Possibility to fasten energy transition also impossible on short time. Adaptation is nature of human living when face difficulties, my government will try saveral simulation such as diplomatic approach even i think useless because my country doesn't have bargaining power, maybe other possible action is changing oil logistic route.

The only solution to this problem is settling peace in this war, if peace is not settled, then the more damages on those involved in the war. No country will be exempted at all. The problem is that, Iran is a religious country that says on voice and act on it no matter what, where they can never surrender and give up their power away. It doesn't work that way for a United country to do such.

I understand everyone is in panic right now because we are still currently seeing the threats of having a war. But whatever happens today will not take forever, it will surely have a closure, we just have to deal with it in a more calm and practical way. The fuel oil issues may affect a lot of countries, and we are not yet sure when all of these will be stopped, but I am sure that what we are seeing today will not be the same tomorrow and the next days.

Of course, if the situation doesn't normalize, global oil supply will remain unstable. Around a fifth of the entire world's oil supply is disrupted with the situation in the gulf. But should countries just wait for the situation to get better before they start looking for alternatives? Of course, not. My clueless country is heavily reliant on Middle Eastern crude oil. Almost 100% of the country's raw oil is coming from the Middle East. And those from where we buy refined oil products are themselves sourcing raw oil products from the Middle East. There isn't diversification. That's why the impact of the current conflict was almost immediately felt by the people. The longer this conflict drags on, the harder it is for the economies of other non-participant countries to function properly. As a consolation, however, this is another reminder not to be fully dependent on a single region for a vital product such as oil.

Every country on earth is trying to prepare alternative but it's undeniable that oil keep rising and any countries that subsidize their oil use will suffer the most. Maybe it's really high time that we should transition to electric vehicle. Lucky are the countries that already shifting toward electric vehicle so they need less oil to run the country but I bet there is only very few country did that.

I think differently. A sudden disruption of 20% of supply would cause a shock to the economy because it would not have time to adapt and find alternative sources. However, I agree that the impact of the war has not yet been fully reflected in the economy. It will take more time to see the true impact and consequences of this on the economy Regarding the conflict between Iran and the US, it is too early to say it will end anytime soon. Like the war between Russia and Ukraine, many predicted it would end soon by that time. but unfortunately, it has now entered its fifth year.

The world has known no peace since he came into power. It has been threats, sanctions, tarriffs and war. He enjoys disregarding international laws just because he is the president of the US. And it seems it is working for him. Nobody is talking about the Epstein files. People are facing the inflation caused by this war. If this war lasts more than three months, many countries will go bankrupt.