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If 'this' happens, oil prices can touch the sky!

Monday - September 30, 2019 4:24 pm , Category : WTN SPECIAL
Tension reached on top between Saudi Arabia and Iran
Tension reached on top between Saudi Arabia and Iran

Iran's 'one mistake' can destroy the entire world's economy

SEP 30 (WTN) - As you know, the entire world economy rests on oil. While the economy of many countries of the world is completely dependent on the import of crude oil, on the other hand, countries like India, which import oil, crude oil is also most important for their economy. The price of oil in the international market has an impact on the economies of countries around the world, affecting the people of the world.

Most of the oil supply in the world is from the Gulf countries. But the Gulf area has remained turbulent for years. Since the Gulf War happened in the 90s has caused tension in the Gulf region for some reason or the other, due to which the prices of oil have been seen to rise. As you know tension between the US and Iran has been at a peak for a long time. The mutual enmity between the two countries has increased to such an extent that a war can break out between the two countries on any given day.

Saudi Arabia, America's closest ally in the Gulf region, has also had a chronic enmity with Iran. For your information, let us know that where Saudi Arabia is a Sunni-dominated country, while Iran is a Shia-dominated country. In such a situation, tension between these two countries remains at the peak of political reasons as well as religious reasons.

Recently, the supply of oil to the world was disrupted after a drone attack at two plants of the world's largest oil company Aramco in Saudi Arabia. After the attack on these plants, there was once again a war like situation between the US and Iran, because the US and Saudi Arabia suspect that the oil plants were attacked by the Yemen rebels at the instigation of Iran.

Amidst all these events, Saudi Arabia's Crown Prince Mohammed bin Salman warned in an interview that if the whole world did not come together to stop Iran, oil prices could be unimaginably expensive. However, to stop Iran, he said he would prefer a political solution rather than a military solution.

The Crown Prince of Saudi Arabia warned the whole world and said, "If the whole world does not take a strong and solid action to stop Iran, then we will go ahead, which will threaten the interests of the world, because it will disturb the oil supply of the whole world and if this happens, it will increase the oil prices unimaginably.”

For your information, let us know that on September 14, the world's largest petroleum processing facility was attacked, disrupting the global oil supply by 5 per cent. The US and Saudi Arabia suspected Iran's conspiracy in this attack. Saudi Arabia says that Iran had acted in a way to wage war by attacking oil plants.

But it can be said that after the attack on the oil plants, Saudi Arabia had shown great patience, because if Saudi Arabia had attacked on Iran for taking revenge, then there would have been war declared between the two countries and this would have stopped the oil supply. Due to this, the entire world economy would have been collapsed.

This means that Saudi Arabia was on the cusp of invading Iran after the attack on two of plants of Aramco, world's largest oil companies, but Saudi Arabia knew that if the war had broke out in the Gulf, the entire world's economy would have derailed. But after this attack, it is decided that there is a serious threat to the oil installations of Saudi Arabia and if such an attack was done from Iran again, then this time Saudi Arabia might attack on Iran. And if this happens, the entire world's oil supply will be severely disrupted and the entire world economy will collapse.