00:00The war initiated by the United States and Israel against Iran threatens to trigger a domino effect that will help
00:05the global economy.
00:06After 16 days of deadly attacks against the Persian nation, the U.S. have failed to weaken the firm blockade
00:12maintained by the Iranian revolution regarding the Strait of Hormuz.
00:15The economies of Saudi Arabia, the United Arab Emirates and Qatar are feeling the impact of the blockade of the
00:20Strait.
00:21Projections estimates that nearly 14% of these countries' gross domestic product would fall this year if the conflict continues
00:28into April.
00:28The situation escalated after Israel bombed the Iranian island of Qatar, while Prime Minister Netanyahu remains absent from the public
00:36agenda.
00:37President Donald Trump has declared victory of Iran nine times, but the facts points to a completely opposite reality, and
00:43analysts assert that the end of the war depends solely on Iran.
00:51In this context, Brent crude, the global market standard, has raised a sharp rise and is being traded above US
00:57$106 per barrel.
00:59The price of Brent crude oil showed up above US$100 per barrel amid fears of supply disruptions from the
01:04Middle East.
01:05The spike is a response to the escalating aggression by the United States and Israel that threatens the security of
01:10the Strait of Hormuz, a key route for global energy trade.
01:13In this same context, analysts warn that market volatility could increase transportation costs and impact the global economy.
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