🇮🇱 🇮🇷 *ISRAEL - IRAN UPDATES* *WHAT WOULD AN ISRAEL-IRAN WAR MEAN FOR THE GLOBAL ECONOMY?* According to Goldman Sachs, a worst-case scenario involving blockades in the Strait of Hormuz could push oil prices above $100 per barrel. Still, during the Iran-Iraq War from 1980 to 1988, in which both countries targeted commercial vessels in the Gulf, Hormuz was never completely closed. When oil prices rise, the cost of production also goes up. This is eventually passed on to consumers, especially for energy-intensive goods like food, clothing and chemicals. *Read full article here* 👇🏼 https://independentpress.cc/what-would-an-israel-iran-war-mean-for-the-global-economy/2025/06/17/ --------------------------------- 🔴 Get short and instant News alerts by joining *INDEPENDENT PRESS* WhatsApp Channel: https://whatsapp.com/channel/0029VaAtNxX8fewmiFmN7N22