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Sky News

Sky News

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Analysis: What are the economic consequences of Iran war?

Video Overview & Insights

The US and Israel are striking Iran for a third day, with Iran launching renewed attacks against US allies in the Middle East.

Fake news

— @Dayofhapiness

There is concern the war could have a huge impact on the global economy.

Economics and data editor Ed Conway says "what's happening right now in Iran and in the Gulf is a massive story - with geopolitical consequences, military consequences."

BBC did this noo 🇬🇧

— @parmbirsingh5185

"I suspect we are going to be talking about this for months - maybe years," he added.

#skynews #iran #middleeast #worldnews #unitedstates

BBC did this noo 🇬🇧

— @parmbirsingh5185

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Trump will fix it😂
His way,
People it going to get worse soon

— @HatBilly2008

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Just trying to make sure I got this right. It's OK for Israel and the US to attack Iran, but it's absolutely not OK for Iran to close the straight of Hormuz in responce. No sympathy for the Ayatollas here, but, seriously?!

— @DHEAS11

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LNG purchased or pegged to Chinese Yuan can pass freely, just buy your oil with Yuan and the crisis is over.

— @8й.отдел.ПГУ.КГБ.СССР

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China Russia India Malaysia are allowed to pass, it seems

— @stevewilson4718

More User Perspectives

@

with all the money The UAE makes off oil, why they hell don't they build a pipe line? This makes absolutely no sense and shows how antiquated their system is. Cheap Asses!

@andyternent1611
@

Good analysis. Concise and easily understood

@Woollven100
@

Does "Other" mean Russia?

@tiagocardoso6749
@

Good analysis!! tks u

@Tommytalkseconomy
@

what a clusterfuck. this situation only makes putin rich again

@gabox01
@

War in Iran?It's just about raising the price of oil,ONLY!!

@janwiacek4057
@

Europe stop being dependent on others outside Europe for Energy Supply. Open up the North Sea to hydrocarbon extraction while building out renewable power to a point of capacity more than sufficient for Europe's Energy needs. Problem solved.

@davidl.howser9707
@

Great explanation.

@robertcruz5334
@

Why everyone is happy when Qatar is suffering?

@NY0509
@

Job well done Sky 👏

@mariovicente8054
@

All our global communities are making their contribution towards international cultural enrichment 👍

@KamaljitSandhu-w6q
@

China and EVs are the winner.

@sjcameron5592
@

Why don't they pass it through Oman? Bypassing the Strait of Hormuz and Bab al-Mandeb?

@aghamujtaba26
@

Intercepting a $50k drone or cheap rocket with a $1M interceptor is a terrible 1:20 cost-exchange ratio. It burns through expensive interceptors like the Patriot missile system and Iron Dome in no time. The bill is still paid by that country’s government and taxpayers. But don’t worry Westerners, Donald Trump will just tariff China to pay for it. 😏

@AZAGATHOTH
@

All of this because Israel couldn't keep his cool. There were 0 chance that Iran would attack Israel. They know they can't survive a full wrath of the US. But orange man is israels bah

@Natstuff645
@

this going to result in millions of people dying of strarvation.

@stumpgrindingdirect
@

So basically it’s now that those who were on the fence/ saying it doesn’t bother us in regards to Israel vs Palestine are now realising oh it does effect us…

@blaze56701
@

Trump, making Israel great again Americans, word of advice, don't vote for a bitter narcissist whos next step is a coffin, it's not going to work out well.

@williamlightfoot5711
@

continently marked as "other" well we all know who that is.

@flanker53
@

electrify your roof !!! it works great.

@polka1449
@

I don't trust a word they say

@PJVist
@

Is Trump and Nethanyau punishing EU indirectly, Asia, middle East and then the rest of the world considering the fact that they have all these facts and yet they ignored diplomacy and started war by killing more than 150 young girls as a sacrifice to their God.

@Avatar_2025
@

I'm sure the oil had nothing to do with it

@s.g.h6974
@

Thanks Israel for bringing democracy to the middle east

@alexuk1919
@

great presentation!! Appreciate the presenters and the sky News team's hardwork.

@TanyamaiAnantakoraneewat
@

Wait for the Autumn budget excuses

@spqrot
@

And the energy companies in the United Kingdom will simply protect their profits

@terancebaza6516
@

It's US- Israel war not Iran

@ahmedzainy4971
@

Wouldn't it make sense for the Saudis to pipe the gas and oil to Suez?

@adrianvintila5077
@

8:15

"Other" means Russia

@botshelomoatshe3153
@

I mean, I was more concerned about the people dying consequences but sure, as long as it doesn't hit your bottom line eh?

@ArchmageOfAnarchy
@

gas old hack, nah, ashp and solar, if fuel goes up anymore ill pop to calais and grab some e85 for my cars

@nathanpiper1346
@

Sine Trump took over, its just crisis after crisis, after crisis

@guild66
@

ok
a war that rises prices
got it

@famigliao
@

I can’t stand all of this winning!! Eggs and oil are way too cheap anyways…. PUMP IT UP!

@DrDoinks
@

these graphics are great education models

@Morrigan-b5z
@

We just need to drill drill

@benenty692
@

US-Isral war on Iran! They've been blowing this horn for years

@maxinlife
@

What about the oil in are own sea surely that’s cheaper.

@Shamus2222
@

Its all vanities 😑😑

@Ashneelchand777
@

Wouldn't be such a big thing if we drilled into the north sea but being Britain we let Thatcher sell a large part off

@D-A-A-
@

Good thing we here in the USA still have the strategic reserve...Oh wait...

Biden wasted it to help Dems in 2022 Midterms...

So if prices rise dramatically, well, we know where to cast the blame

@glennmandigo6069
@

Cheers Trump

@thomashogan1985