Topic: Another war in the Middle East could be dire for the economy - page 3. (Read 585 times)

If we talk about oil, I would not name the terrorist attack on Israel, and the attempt to ignite a major regional conflict in the oil-producing region, as the main reason for the rise in prices.
This is another act of economic terror from some rogue countries. The first attempts at “oil price terror” began much earlier - in 2022. The international community was able to “stop” this problem, and oil prices decreased and stabilized. Some international terrorists did not like this very much, and they developed a “second series” called “Lighting up the East.” I am sure that we have not yet watched this series to the end, and we will continue to observe new attempts to incite new conflicts, and attempts to drag the closest countries into this war, and first of all, the largest suppliers of oil to the world market. No, no one is saying that, for example, Kuwait or the UAE will go to war. Scenarios will be played out that will be executed by the hands of less intelligent “executors” who can spread terror to the territories of countries that are the main suppliers of oil - for example, attacks on refineries, port hubs, critical infrastructure for oil delivery, etc. There are several countries that are globally dependent on the sale of oil, and which believe that everything is permitted to them, and the world will not react harshly to the chaos that they are trying to create. Plus, there will be a huge amount of information to manipulate the consciousness of the masses, lies, information dumps, and other options to undermine the situation in the world...

Just as oil price going from $80+ down to $76 a couple of weeks ago wasn't a big drop to solve the energy crisis, the rise back up to $80+ was also not a "price soaring" as you put it.
This $4-$5 fluctuation (~5%) is too small to change anything. The price is still too high to solve the energy crisis, and not that high to make it any worse.

Besides, the situation in Middle East West Asia is a very controlled situation that has not yet affected energy routes, energy production or even the producers. It has only affected trade routes for some countries (mainly US and UK) since they attacked Yemen and armed forces of Yemen shut down the sea on these countries as a punishment.

Bitcoin cannot help preventing the wars, but it can help preserve wealth in the time of war. You agree that there will be more ease with moving with your bitcoins than moving with all your properties or with something like gold. Wars are not good because a lot is affected, the general order of things are changed, and the result is felt by many other countries who depend on either of the countries involved for help or support or do business with them. We are already dealing with the effect of some countries having crisis with another, like Russia and Ukraine, with more wars and crisis, there will be a more severe economic blow.

Currently the country's economy is in a period of crisis due to the chaos that is occurring in the Middle East, currently many developed countries are having difficulty facing economic problems and they continue to face the chaos created by countries in the Middle East, and currently Bitcoin is not yet fully the world admits, even though they know the value of bitcoin is fantastic and it is decentralized so changing the current economy is very difficult because the current war continues and we don't know when this will end so that our economy can return to stability.

The world's in a bit of a mess with terrorism, power games and countries battling it out economically. Now with all the drama in the Middle East, oil prices are soaring, messing with the global economy. If things go south, it's not gonna be fun for anyone. Some folks think Bitcoin could be the hero we need like a decentralized currency standing up to inflation. But not everyone's convinced. It's like a gamble that could be a game-changer or just another player in the chaos

For years, the war in the Middle East has continued to rage and there are no signs of peace there, only conditions that are getting hotter between countries, or countries towards separatist groups. The current fact is that the war was deliberately allowed to run the American and European arms industries and several other parties who wanted to profit from this war.

and nothing can be done about this problem, because quite a lot of parties hope that the geo-political conditions in the Middle East are not conducive to increasing their profits. and that includes Bitcoin, it is helpless in the current situation in the Middle East because the use of Bitcoin is limited to digital currency only, it cannot be used as a solution to this problem.

in the midst of conflict between countries the role of Bitcoin is still minimal as a means of cross border payment transactions. Not because they don't understand it but because the country regulations don't have time to deal with the little things. On the scale of 1 decade it is possible that countries involved in conflict that are not trapped between two camps will have to be more careful in continuing to carry out transactions to supply oil, gas, coal and bauxite.

Like the conflict in the Red Sea where the Houthis intercepted almost all passing merchant ships from other countries and gave them the difficult choice of retreating or being shot. Ships carrying oil, gas, coal and bauxite for export to other countries now inevitably have to turn back, which stops trade transactions with foreign countries. the Red Sea in a tense situation between America and the Yemeni Houthi army which is fully supported by Iran because it punishes the US for its involvement in the war in Palestine is a risk for the US to interfere too much in other people affairs. In my opinion piracy is very detrimental to countries that are very dependent on raw materials to carry out production. The longer the conflict in the Red Sea continues, the more resources it will supply oil, gas, coal and bauxite.

It's one of the strategy that some country take chance worship the warrior. After starting of Russia and Ukraine war India and china buying huge quantity of crude oil.Russian liquefied natural gas, Asian prices are in the mid-$20 range per 1 million British thermal per units but China-bound Russian LNG is being traded at a significant discount said some of the reliable agent. Till today they are continue the process and got their profit. International Energy Agency said Russia's revenue from oil exports between January-2022 to April-2022 has climbed 50% on the year.
There have been concerns that refined fuels made from Russian oil are being sold on to the USA and EU. There have been a significant increase in EU imports of diesel and jet fuel from India.

Of course, with the war in the Middle East, many countries in the world will be affected because this war not only has a physical impact, but also has an impact on the global economy. The impact of this war will not only occur in the Middle East, but all countries will be affected because the Middle East is one of the largest exporters of oil and gas. Fuel prices will rise, then inflation will rise, everything will rise, and the economy will become even more gloomy because of the endless war.

In times of uncertain economic conditions like this, investing in bitcoin is a smart choice to protect against inflation during an economic crisis. Apart from being the strongest currency in the world, Bitcoin is also very easy to use for transactions, and of course Bitcoin is the money of freedom.

Bitcoin was created by the technology we have in this age or generation, dude. And the war was not created because of the technology we have. Therefore, bitcoin has nothing to do with whether there is a war going on in another country.

And still, nothing has been reported because of Bitcoin, which stopped a war between two countries. Overall, Bitcoin will not help at all in such a crisis that is happening now in the Middle East anyway.

The things like wars are something even the leaders of participating nations have no control over. And war are not economically bad for every parties involved. There are many nations that benefits with war some having human life losses as collateral damage while others having none. The war between Russia and Ukraine benefits US without any significant loss of human lives, they get to sell their oil and gas at a premium, they pay their own companies to manufacture new equipment for the army while providing older equipment valued at current price without depreciation. And as they contain russian arms manufacturer with the war, US make a large lead ahead of any competitors in arms export. Not just US countries like India and China are earning just by processing and exporting Russian crude while a country as small as Maldives is earning money from US and Russian ships that exchange goods like semiconductors in its port.
A war in Middle east may sound dire at first but many nation's economy is going to get a boost from the conflict.

I do not think that the peoples of that region are anarchists or love war by nature. I do not expect that anyone would like to bring war, devastation, and destruction to his country, and even if there were, they are few and it is not possible to generalize to all peoples.

The peoples of that region are victims of the ambitions of the United States and the West on the one hand, and of Russia and Iran on the other hand, because of their competition for world sovereignty. The fact that that region is rich in oil and underground resources and has a distinctive strategic location in the heart of the world has made it a center for conflicts between world powers thirsty for wealth and influence.

Yes It can't be denied. But in the future we have to be prepared to take it forward. And it is certainly possible. Bitcoin's past performance is a strong predictor of the future.

Actually energy prices (mainly oil and gas) went up because of the NATO-Russian war and then it remained up because that conflict is still going on and the producers in West Asia also kept it up.

Any conflict of the same scale (or even smaller) in West Asia would shoot the price of energy a lot higher than seen before. It won't be going from $40 to $80 and staying around $80 like we've been seeing. It would be oil going to something like $500 to $1000 a barrel.
Because it will not only affect the major oil producers but also affects the trade routes cutting the world supply off.

Unfortunately this is a battle of the old hegemony desperately trying to cling to power which is why US (the old hegemony) continues supporting terrorism across West Asia and Africa, so that they can continue clinging to power and continue their occupation.

The situation is too big and too significant for Bitcoin to be of any help to the situation itself.
However, Bitcoin is still a hedge against the failing economy so it can come in handy.

Bitcoin has been around for more than 15 years now. In technology, 15 years is a very long duration. This means that at any point of time, better technology can replace Bitcoin. Already technologically advanced coins are available in the market, such as Cardano and Solano. But they lags behind Bitcoin in terms of adoption. If Bitcoin was unable to replace SWIFT in the last 15 years, I am not very hopeful that it maybe able to do so in the next 15 years. And at the same time, there is a good chance that Bitcoin may become obsolete in the next few years.

I do agree that it is going to end up with a trouble here and there, which will not be all that acceptable and should be a bit harder to handle. I get it, there are some situations that would be a bit different and yes it is going to be wars after wars, the world is in chaotic situation but we need to try to keep at it.

What does that mean? If the war is not in your nation and if you are not in danger, considering more about wars will not change your financial situation, so you should keep grinding like you should without worrying about wars. You can worry about wars in your free time, regardless of economy, be sad that there are people losing their lives, but when it comes to economic topics then you should just grind like all the same.

Well have a look onto that:
https://www.statista.com/statistics/1398256/swift-transaction-volume/

Swift almost doubled their volume from 2014 to 2024.

Bitcoin transaction should be a Revulation of trading like swift and other popular element all around the world.

I think Bitcoin will be the weakest link in recovering world from financial damage. I mean Bitcoin can not make things right due to it's application right now.

How do you think peeps will keep Bitcoin mining running if the war is underway and electricity stations are getting hampered with it? Moreover think about the situation where miners are getting bombarded with the bombs and their farms getting destroyed because that would be one of the prime target for the government. Some may protect it or some might just wanna destroy it.

I hardly think Bitcoin will continue to prosper like that. During such times money won't be the issue, saving our lives would be prime target.

so that a country's currency remains strong, they need a strong buy back tool, gold is nice but bitcoin is the best at the moment. there are several countries that have made bitcoin one of their countries' strong assets and it is predicted that the impact will make the economies of these countries stronger again, for example argentina.

for everyone, bitcoin is a good asset for maintaining the value of money during inflation, just imagine that currently there are many countries affected by inflation, if they changed their fiat to bitcoin, their assets would maintain their value.