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It seems Iran is much focused on mounting some pressure on Donald Trump by putting their attention more on crumbling the economy. The straits of Hormuz are no longer safe. oil prices have climbed from its original $70 to $100 and we are talk of $106 or more. When it seems we are trying to phase out a peace talk, the scenario intensifies.
Ok, Trump ordered that other countries should bring in warship support to strengthen the security level in the straits of Hormuz and it seems no one is interested to respond. The politics here is very big because in actuality it is not mainly about a peace talk or cease fire, it boils down to what each nation stands to benefit; eyes on the oil.
On the other hand, can one say that the US global influence has reduced? A world president gave an order and it has been bounced; something worth noting. Ok, it seems oil price is retracing to around $100 dollars and in the United States, it is sold at around $94 to $96 dollars. Excess of 400 million barrels was approved by IEA to counter ongoing shortages and this will depend on how swift the straits fight can cease.
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Away from that, a big financial institution in Tehran was hit last week and this sends a clear message as of reports from the Iranian that targets sites have changed from military bases mainly to financial institutions and its infrastructures. Anyway, not actually that residential area has not been that of ongoing invasion. Google, AWS (Amazon Web Services) and big US banks like Citigroup (Citi), HSBC, Standard Chartered and several others operating in the gulf region have to close offices.
soldiers are used to missiles and bullets, no worker signs on to do his daily duties under missile alert. It has been termed a temporary closure leading to remote work in the process. This can be one of the advantages of technology and well, the experience we had during COVID-19 lockdown which has given rise to remote businessing.
Nevertheless, this doesn't still resolve the entire matter if one wants to look into it. What if this structure gets hit even in staff and operation absentia? It boils down to infrastructural damage, lost and a high cost especially when understanding that these institutions are mostly in the heart of the city. How threatening it is for individuals staying around the banking layout?
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Even the remote jobs are infrastructure dependent, what happens when Google and AWS infrastructure gets knocked down by these missile attacks. There is a lot of economic uncertainties currently going on in the Middle East.
To conclude, let me add, the big one is the fact that human lives are in-between; citizens are living out every day on a crossed finger. What if? Just what if?. There will be a lot of pieces that will need to be put together after this war comes to an end. The question is even how soon because many believe this is a bait that will escalate a global war (a long awaited or assumed World War III).
This is an article covered by dani-EL; a broad niche writer. I write on faith, life facts and daily living, business and economics, small scale and daily businessing, cryptocurrency and technology. And yes, I do cover articles on financial education and investment updates. And note, if I happen to be a financial adviser to you, the TOP financial advice should be ‘DYOR’ (Do Your Own Research), I can't afford to break your heart.