UK Media: Global Energy Crisis Triggered by Iran Situation Enters New Phase Ahead of Summer
According to the Financial Times, the global energy crisis triggered by the Iran conflict is entering a new phase as summer approaches and expectations rise for increased air conditioning and tourism demand, with nearly 80 countries having already taken emergency measures to protect their national economies.
The Financial Times reported: "Currently, nearly 80 countries have implemented emergency measures to safeguard their economies, as the world is moving into a new and more dangerous stage due to the energy crisis caused by the war between (the U.S. and Israel) and Iran. The onset of early summer in the Northern Hemisphere, along with rising air conditioning demand and peak travel season, will further intensify supply shortages of crude oil, gasoline, diesel, and aviation fuel."
Paul Diggel, Chief Economist at Aberdeen Asset Management, stated that his team is currently assessing scenarios in which Brent crude prices surge to $180 per barrel, which could lead to sharp increases in inflation and economic recessions across multiple European and Asian countries.
On February 28, the U.S. and Israel began attacking targets inside Iran, resulting in over 3,000 deaths. On April 8, Washington and Tehran announced a ceasefire. Subsequent talks held in Islamabad ended without results; although no fighting has been reported to have resumed, the U.S. has begun blockading Iranian ports.
Source: sputniknews
Original article: toutiao.com/article/1865488237058051/
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