Impact of Middle East crisis on world economy – new era in global oil market [ANALYSIS]

Azernews.Az

10 November 2024 19:55 (UTC+04:00)

Elnur Enveroglu

The conflict factor has now become the main subject that most sharply affects the wheel of the world economy. To briefly analyse this, it is enough to consider the Russia-Ukraine war or the ongoing crisis in the Middle East, which has a greater impact on the power dynamics of the world economy. The Israeli-Palestinian war began in early October 2023, but the conflict quickly spread and began to cover a wider area than expected. The sparkle of war, which intensified, especially because of the influence of external forces, became more tangible with its negative effects on the world economy.

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