Let's not forget that this conflict may cost us deeply if it continues to impact energy prices with their knock-on effects to inflation and employment.
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Gas prices have spiked and global stock markets tumbled as the conflict in the Middle East intensified and concerns grew over how long it will last.
The UK gas price surged to its highest level for three years on Tuesday, following sharp gains on Monday, while Brent crude oil benchmark briefly rose above $85 a barrel for the first time since July 2024.
There are fears the fight in a region that plays a key role in global energy supplies and shipping routes could have a similar impact to Russia's full-scale invasion of Ukraine four years ago which pushed up the cost of energy, causing price rises for businesses and consumers around the world.
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https://www.bbc.co.uk/news/articles/cr5lz0vgy52o
---------- Post added at 09:06 ---------- Previous post was at 08:50 ----------
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Originally Posted by Chris
No they don’t.
Tactical competence in the field is the purview of the armed forces, which is doing what it has trained to do and executing one of a range of pre-planned scenarios.
None of that indicates that the politicians and other officials who are supposed to have strategic oversight of it all have any idea what they’re trying to achieve.
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Netanyahu's been successful in doing what he set out to achieve - assassinate the Ayatollah, weaken Iran's military strength severely and for bonus points, drag an insecure Trump on board.
Iran's responding as much as it can with inferior weaponry. I don't know whether attacking countries like Kuwait makes sense but there's obviously a strategy there.
The US just looks reactive and clueless. If I was China, I would be tempted to stretch America's resources by a few naval exercises towards Taiwan.