(Publish from Houston Texas USA)
(Mian Iftikhar Ahmad)
Global Economy on Edge as Iran-Israel-US Tensions Threaten Oil Surge, Market Crash, and Supply Chain Disruptions
Faisalabad: If the ongoing tensions between Iran, Israel, and the United States do not end by Sunday night, the world’s financial markets could face an unprecedented economic shock before they even open in the morning, crude oil prices are expected to rise above 100 dollars per barrel within the first hour and could reach 150 dollars per barrel within a few days, the Pakistan Stock Exchange PSX is likely to open at a limit-down level, representing a drop of approximately 18,000 points, U.S. stock markets will face losses worth billions of dollars in the first hours based on futures trading, regional countries including Saudi Arabia, Qatar, Kuwait, and the United Arab Emirates will be drawn into the crisis in various ways, gold prices are likely to surge rapidly to between 5,600 and 6,000 dollars per ounce as investors seek safe-haven assets amid uncertainty, European stock exchanges such as FTSE and DAX could drop 10 to 15 percent upon opening, triggering circuit breakers across the continent, global supply chains will be halted, particularly shipping through the Strait of Hormuz, creating immediate shortages of goods, the cryptocurrency market will experience a severe downturn with Bitcoin falling below 50,000 dollars as investors move to reduce risk, emerging economies such as India and Turkey could see their currencies lose 20 percent or more against the U.S. dollar within a few days, central banks worldwide will hold emergency meetings to lower interest rates but may still fail to prevent panic selling and liquidity crises, disruptions in air and trade routes will further impact the global supply chain, international cargo and shipping logistics will face severe delays, all investment sectors will be affected by uncertainty, small and medium-sized enterprises will face closures and financial losses, global energy prices and food reserves will be under pressure, investors will shift to gold, oil, and other safe assets, ultimately posing a risk of a historic financial and trade crisis that could persist for a week or longer.
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