The economic repercussions of the Gulf crisis

The economic repercussions of the Gulf crisis


Author: Mohammed Sharif Abu Mayssam

6/15/2017 0:00

In our times, there is no political crisis was or economic
or military, do not have the effects and repercussions on others,
let alone that this was the crisis in countries that are closest to us, and
in a stronger economic, political and military coalition in the Middle East region as a whole, this coalition rise to the
Confederation level, it brings together a package of the most important countries
producing oil and gas in the world, known Petrakmadtha
financial and the multiplicity of its investments spread across the economic formations in the Middle East and the world.
Not to mention the importance of the location of this geopolitical alliance on the map of the project the
Greater Middle East, as well as the multiplicity and diversity of the nature of the relations between the State of the
countries of the region and the world, it nominates the crisis to be an international crisis par excellence, and this is what happened through the intervention of a number of countries in the Middle East, particularly Iran , which expressed ready to provide the Doha food items and the allocation of three Iranian ports in favor of Qatari goods.
While the Turkish intervention hotter than after the Turkish parliament 's approval last week on the agreements on strengthening military cooperation between Turkey and Qatar, which will allow the deployment of Turkish troops on the Qatari territory, which means the birth of the two axes of the prospects of a war in the region , God forbid, the first includes Saudi Arabia, the UAE, Bahrain and Egypt behind them, and the second includes Qatar and Turkey , Iran , and behind them. Another possibility that things calm down US intervention at critical times, and in both cases there are economic repercussions on global markets and on the movement of trade and navigation in the Gulf and the Middle East will throw a shadow over the Iraqi economy shops.
The strange thing is , that the chances for a military clash is not excluded by the general observers through the media world, especially after the Turkish intervention, and usually have to step up such news in the oil countries, a significant impact on oil prices upward, but the matter here which gets the largest fields the oil that feeds the world markets and next to the largest gas pipeline network for the source of the gas field , the North "Iranian Qatar" and oil and gas prices in the case of falling over the past week!
On the other hand it will be accompanied by the rise in oil prices , significant increases in the cost to secure oil and other commodities passers -by tankers in the Gulf as a war zone, which means a rise in the prices of imported goods through Iraqi ports and lower their counterparts from other ports prices and thus lower flow from the south in favor of other ports , as well as Sakhalgah such a matter of variations in consumer prices.
It remains to point out the possibility of the crisis contributed to the industry to contain even in the last moments of crisis as the industry has become a pattern of political and economic containment and style effective in changing patterns of events pathways.

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