“Analysts estimate that we could see a rise of $10 to $15 in future oil prices, which will have a significant effect, especially as developing economies like ours are poised for takeoff. This will undoubtedly be affected [...] The second major impact will be on security in the Red Sea [...] The Houthis, an armed group allied with Iran, have announced they will resume their attacks. This means maritime routes will have to be altered, shipping costs will increase, and investments in security will be necessary. Thirdly, there's the issue of the Strait of Hormuz; this is a crucial passageway through which several Gulf countries—not just Iran, but also the Arab countries—export their oil and natural gas, including liquefied natural gas. We will see significant effects here as well. There is another important consideration. The Arab Gulf countries, including Saudi Arabia, the United Arab Emirates, Qatar, and Kuwait, have ambitious economic diversification and development programs. No one will want to invest in a region where conflict is occurring [...] Therefore, as we can see, the implications extend far beyond just oil prices. They involve oil, international logistics, and the investment plans of large companies. I believe we are truly facing a very complex situation,” the expert highlighted.
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