Economic consequences of the war against Iran "Iran": Diplomatic efforts by Qatar, Pakistan and American allies to reach an agreement and reduce tensions continue. These movements are being followed in a situation where the United States is on the brink of mid-term congressional elections and Trump is facing internal and external pressures. Inflation, rising food, gasoline and housing prices have become Trump's political challenges ahead of the November election. In the foreign arena, the rise in oil prices and fears of energy shortages put additional pressure on the American administration. After the start of the war against Iran, the price of Brent oil reached its highest level since 2008 in April. The International Monetary Fund warned that the rise in oil prices could reduce the economic growth of countries that import oil from the Persian Gulf region and increase their inflation. Read the full text here.

Economic consequences of the war against Iran "Iran": Diplomatic efforts by Qatar, Pakistan and American allies to reach an agreement and reduce tensions continue. These movements are being followed in a situation where the United States is on the brink of mid-term congressional elections and Trump is facing internal and external pressures. Inflation, rising food, gasoline and housing prices have become Trump's political challenges ahead of the November election. In the foreign arena, the rise in oil prices and fears of energy shortages put additional pressure on the American administration. After the start of the war against Iran, the price of Brent oil reached its highest level since 2008 in April. The International Monetary Fund warned that the rise in oil prices could reduce the economic growth of countries that import oil from the Persian Gulf region and increase their inflation. Read the full text here.