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The Guardian: Why Iran's War Responsibilities on Global Economy Stabilization · Global Voices
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The oil price has continued to rise for months, declaring a sudden fall in prices on some of the world's most important bourgeois markets, due to growing concerns about the war between the US and Israel against Iran.
Economist Paul Krugman sees war with Iran as a serious threat to an American economy already strained by other factors.
The real risk of an escalation in the Gulf is not simply an increase in energy prices. It is the way in which an energy paralysis would affect an already fragile world economy, highly indebted and faced with increasing geopolitical tensions.
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