This Wednesday, the president of the United States, Donald Trump, assured that, a message to which the president would have responded by demanding that the Strait of Hormuz (through which approximately 20% of the world’s oil circulates) be opened.
“The new president of the Iranian regime, much less radicalized and much more intelligent than his predecessors, has just asked the United States of America for a ceasefire!” Trump said in a message on Truth Social.
“We will consider it when it is open, free and clear. Until then, we are bombing Iran to annihilation or, as they say, back to the Stone Age!” added the American president.
However, shortly after the US president published that message (which has caused widespread increases in global stock markets), Iran has denied that it had requested that ceasefire.
In any case, the reality is that the war in the Middle East has already lasted more than a month. During this time, the price of oil and gas has skyrocketed and markets have plummeted.
The serious economic consequences of a long war in the Middle East
And the worst could come if the armed conflict extends over time. Experts consulted by have warned that if the war in Iran does not end soon, the Europeans (and therefore the Spanish) will foreseeably have to face a serious economic crisis that will affect multiple areas.
Specialists predict that a long war would cause a chain reaction that would make Spaniards pay more for gasoline, flights, shopping baskets and mortgages (if variable). All of this at the same time.
The reason is that if the armed conflict continues, the price of oil will continue to increase, which will cause an even greater increase in the price of gasoline and also flights. This high price of fuel will also be transferred to the shopping basket (transporting the products will be more expensive and this will have an impact on the final price).
Finally, this situation will cause a rise in inflation to which, predictably, central banks will respond by raising interest rates, which will cause variable mortgage payments to also increase.
