Global Economy at Risk as Israel-Hamas Conflict Threatens Energy Prices and Trade Routes

Economists warn that the ongoing conflict between Israel and Hamas could have negative effects on the global economy, including higher energy prices and disruptions to key trade routes. The conflict has implications for global energy and trade infrastructure, and if it escalates, oil prices could reach over $100 per barrel. The Middle East's shipping routes, particularly the Suez Canal, also pose an economic risk. The sustained bombardment in Gaza has led to economic disruption.