Amid the Iran War, a major warning about the deepening oil crisis, the global economy could collapse by May.

Regarding Asian markets, he said that crude oil prices have already reached around $120 per barrel. If tensions continue, crude oil prices could rise further, further increasing pressure on the global economy.

 

Middle East tensions could worsen the situation.

 

Middle East Tensions Impact on Global Economy: It has been four weeks since the ongoing tensions in the Middle East, but the situation continues to deteriorate. Iran has already rejected US President Donald Trump's 15-point peace proposal, indicating that tensions may escalate further in the coming days. Meanwhile, the closure of the Strait of Hormuz has deepened the global energy crisis and created a situation similar to an energy emergency in many countries. In such a situation, energy experts are issuing serious warnings about the future.

The situation may worsen

Energy economist Anas Alhajji has sounded the alarm for the global economy, saying that if the war involving Iran doesn't end soon, it could have a severe impact on the global economy. He stated on social media that if this conflict continues for a long time, serious consequences will begin to emerge within weeks.

He linked the current situation to the Strait of Hormuz, noting that approximately 20 percent of the world's oil supply passes through this narrow passage. Any disruption there could significantly impact global trade and energy markets. Its impact is being felt as far away as the Middle East, even in Europe.

Oil will be uncontrollable in the Asian market

According to Anas Alhaji, the energy crisis in Europe is rapidly deepening and prices are constantly rising, which could lead to a renewed dependence on Russian energy sources. He warned that Europe's efforts to reduce its dependence on Russian oil, which it has been doing for years, could be undermined by this crisis.

Regarding Asian markets, he said that crude oil prices have already reached around $120 per barrel. If tensions continue, crude oil prices could rise further, further increasing pressure on the global economy.