"If this war continues for a few weeks, GDP growth around the world will be impacted. Everybody's energy price is going to go higher. There will be shortages of some products, and there will be a chain reaction of factories that cannot supply."
"After that, and the selection of a GREAT & ACCEPTABLE Leader(s), we, and many of our wonderful and very brave allies and partners, will work tirelessly to bring Iran back from the brink of destruction, making it economically bigger, better, and stronger than ever before."
Oil prices are approaching $90 per barrel amid continued conflict with Iran, with Qatar's energy minister warning prices could reach $150, potentially doubling. Such escalation would severely impact global GDP growth, increase energy costs, and create supply chain disruptions. Major stock indices declined significantly: S&P 500 down 1.57%, Dow down 1.9%, NASDAQ down 1.58%, while volatility increased and gold rose. President Trump stated no peace deal exists without unconditional Iranian surrender, offering no timeline for resolution. Market uncertainty persists as the conflict shows no signs of ending, prompting investors to remain cautious during this volatile period.
#oil-prices-and-energy-crisis #iran-conflict-and-geopolitics #stock-market-volatility #economic-impact-and-gdp-growth #trading-and-investment-strategy
Read at 24/7 Wall St.
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