00:00We are in a situation where, I mean, it looks like the whole world is going to be impacted, not
00:03just Lebanon, not just the countries around Iran.
00:07Brent crude looking at it like it's sort of settling around the 80, 85 dollars a barrel mark.
00:13And I'm wondering how significant a factor that's going to be for the global economy and for inflation.
00:19For me, as long as it is below 90, the prices or the inflation is still contained.
00:26Yes, it might delay the rate cut of several central banks around the globe like ECB, the Federal Reserve System,
00:36the BOE and other central banks.
00:39However, in my opinion, oil prices around 80 dollars could be good for the GCC if there won't be a
00:50disruption in the supply chain and in exporting oil abroad.
00:57And it's it will not cause a big problem to the economy.
01:01The I'm talking here about the global economy, the prices, if they are between 70 and 85, in my opinion,
01:12that'd be good for all for the exporters and for the importers in general.
01:16If prices will move above 90, then you're going to have inflationary pressure.
01:24And if they're going to push above 100, in this case, they're going to cause a significant risk for the
01:33global economy when it comes to inflation and growth in particular.
01:38If we's going to build a newilib票, we're going to launch the new ideological economy.
01:42Everyone!
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