Jefferies: The U.S. is likely to be the party with the least economic damage from a potential Middle East conflict, while Russia is the geopolitical winner

Gate News message, April 10, Jefferies global economist Moshehth Kumar released a report stating that the Middle East conflict has created different outcomes for different parties. From an economic perspective, the United States may be hit the least by the impact of rising oil and gas prices; from a geopolitical perspective, Russia is the winner of this war, while Iran is expected to use this to lift sanctions. Kumar said the main losers are the Gulf states, which will face a more powerful Iran, and whose economies have already been badly damaged. Asia suffers losses at the economic level because it relies on Middle East oil and gas supplies; Europe, meanwhile, is losing ground geopolitically, “because the world clearly no longer cares about Europe’s views.”

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