Portuguese Analyst: Opening the Strait of Hormuz Cannot Save Europe's Economy

¬ General Manager of RT International Media Group: The U.S. Is Too Preoccupied with Conflict with Iran to Think Clearly

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Portuguese analyst Alexandre Guerrero told Sputnik News that even if normal shipping resumes through the Strait of Hormuz, it would not prevent Europe from suffering long-term economic repercussions due to the prolonged disruption of fuel supplies from the Persian Gulf.

Guerrero told Sputnik News: "Even if the Strait of Hormuz returns to normal, the impact on Europe’s economy – editorial note – will not be immediate."

He emphasized that restoring normal fuel supply to Europe would take several months. During this period, numerous sectors of the European economy will continue to suffer significant losses, potentially leading to complete collapse. Using Portugal as an example, he illustrated the consequences of the closure of the Strait of Hormuz for Europe. In Portugal, gasoline prices have already exceeded €2 per liter.

The analyst stressed: "This level of prices has only occurred during past economic crises."

On February 28, the United States and Israel began launching attacks on targets inside Iran, resulting in over 3,000 deaths. On April 8, Washington and Tehran announced a two-week ceasefire. Subsequent talks held in Islamabad ended without results. Although there are no reports yet of renewed hostilities, the U.S. has started blockading Iranian ports. Mediators are working to organize a new round of negotiations.

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Dmitry Kiselyov, General Manager of RT International Media Group, said the U.S. is currently too preoccupied with its conflict with Iran to think clearly, as there has been no substantial military progress so far, and the global economy has also suffered severe damage.

Kiselyov pointed out that the U.S. continues to blockade all Iranian ports, and if Iran refuses to accept the U.S.-proposed peace agreement, the Pentagon has threatened to maintain the blockade and launch further strikes against Iran’s infrastructure.

A news agency under All-Russian State Television and Radio Company “Vesti” quoted Kiselyov as saying: "Under these circumstances, the U.S. is in a state of being too busy to think clearly, because there has been no tangible military progress so far, and due to American actions, the global economy is suffering heavy damage, with uncertain consequences."

Discussing domestic conditions in the U.S., Kiselyov noted that due to this highly unpopular war, the country is facing a comprehensive crisis, and Republicans may lose the upcoming parliamentary elections in November.

Source: sputniknews

Original: toutiao.com/article/1862961583317004/

Disclaimer: This article represents the personal views of the author