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World War 3 on Cards? Assessing the Potential Economic Impact of the Israel-Iran Conflict on Global Economies

Looming Israel-Iran Conflict: A Potential Spark for World War III?

The Israel-Hamas war had not even ended when the possibility of a war between Israel and Iran intensified. Many experts believe that if such a war occurs, there is also a risk of a Third World War. It is worth noting that the Israel-Hamas war has been ongoing for the past 6 months. It should be mentioned that the United States is also on high alert due to this situation. You should know that the American President Joe Biden said that after Israel’s attack on Iran’s embassy in Damascus, Iran could take any major step at any time. In light of this, Israel has also intensified its preparations. Let us tell you how a war between Israel and Iran would impact countries around the world. Could this be the beginning of the Third World War?

Israel carried out an airstrike on Iran

Last week, Israeli aircraft carried out an airstrike on the Iranian embassy in Damascus, resulting in the deaths of 7 Iranian personnel. According to reports, in this attack, General Mohammad Reza Zahedi, a commander of the Quds Force, was killed. After this, Iran has been furious with Israel and has threatened to attack Israel. Many countries around the world have reacted strongly to this attack. Since Iran has threatened war, Israel has been on alert.

Israel-Hamas War

It is noteworthy that the Israel-Hamas war began on October 7, 2023, last year. During this time, in response to the 1200 Israeli-foreign civilians killed in Israel, the Israeli army has killed more than 33,000 Palestinians in Gaza. Moreover, the war is still ongoing. In the midst of this, the situation seems to be worsening with Iran’s entry into the war. Many experts are now speculating that if a war breaks out between Iran and Israel, it could give birth to the Third World War.

Impact on the economic situation of several countries?

It is noteworthy that reports are emerging that a war between Israel and Iran could start at any moment. The biggest question now is, if there is a war between the two, how much economic impact will it have on the entire world? The escalating conflict between Iran and Israel has heightened geopolitical tensions and has the potential to disrupt global oil markets. Many experts believe that a war between the two countries could adversely affect the economic situation of several countries.

Which country will support whom in the war?

It should be noted that if a war breaks out between Israel and Iran, it is obvious that the United States will support Israel. Both countries are good friends. Britain, as well as the United States Secretary of State, are advising Iran not to attack Israel. On the other hand, if a war breaks out, Muslim countries like Qatar, Jordan, Iraq, Syria, Lebanon, and Turkey may directly support Iran. However, only time will tell which country supports whom.

India’s stance

As far as India is concerned, its stance on a war between the two countries is on peace. However, many experts believe that India may not directly support Israel but could indirectly support it. Currently, India is trying to evacuate its citizens from Iran. It is known that recently, the Ministry of External Affairs issued an advisory asking Indians not to travel to Israel and Iran until further notice. However, it remains to be seen what Iran’s next move will be.

Is this a sign of the Third World War?

The ongoing war between Russia and Ukraine, coupled with the simmering conflicts between Israel and Hamas, and potentially Iran, has sparked international concern about a wider global war. Many countries fear these interconnected conflicts could escalate into World War III, a scenario with devastating consequences for the entire world.pen_spark

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