The Iran-US war will have a devastating impact on the world! The effects are already visible!
n neighbouring Pakistan and Bangladesh, the shortage of petrol, diesel and LPG has hit the economy badly. Several universities in Bangladesh have been shut down, while the Shehbaz Sharif government in Pakistan has closed schools due to the oil crisis, ordered all government vehicles to reduce fuel consumption by 50 per cent. All offices have been instructed to work 4 days a week. This is currently not the case in India. The country has enough stock of oil, and the government says it has no intention of raising petrol and diesel prices. Only LPG prices have been increased. The question is, if the price of oil increases in the international market, how long will we be able to avoid its impact? What will happen if this war is prolonged?
The impact of the US-Iran war is being felt all over the world. The price of crude oil in the international market reached 14 on Monday, but on Tuesday it came down to $91 per barrel. The price of LNG has almost doubled in a week. In many Indian cities like Bengaluru and Mumbai, hotels have been badly affected due to the disruption of commercial LPG supply. The government, however, said all refiners have been asked to ramp up production of LPG.
In neighbouring Pakistan and Bangladesh, the shortage of petrol, diesel and LPG has hit the economy badly. Several universities in Bangladesh have been shut down, while the Shehbaz Sharif government in Pakistan has closed schools due to the oil crisis, ordered all government vehicles to reduce fuel consumption by 50 per cent. All offices have been instructed to work 4 days a week.
This is currently not the case in India. The country has enough stock of oil, and the government says it has no intention of raising petrol and diesel prices. Only LPG prices have been increased. The question is, if the price of oil increases in the international market, how long will we be able to avoid its impact? What will happen if this war is prolonged?
On Monday, Ayatollah Ali Khamenei's son, Mujtaba Khamenei, was formally elected as Iran's supreme leader. Thousands of people in Tehran welcomed the announcement of Mujtaba Khamenei's name. Russian President Vladimir Putin congratulated Mujtaba Khamenei but the US claimed that Mujtaba would also not be able to live long.
Soon after Mujtaba was elected as the Supreme Leader, Iran intensified its attacks on Israel, Saudi Arabia, Qatar, Oman, Kuwait, Bahrain and the Emirates. US President Donald Trump has said that the war with Iran will end soon, but at the same time said that he will not announce the end of the war soon. "We've won a lot, but it's still not enough," Trump said. Iran's Revolutionary Guards have said it will not allow a litre of oil to pass through the Strait of Hormuz if US and Israeli attacks continue.
Mujtaba, 57, is the second of Ayatollah Ali Khamenei's six children. Mujtaba's elder brother and his wife were killed in an Israeli attack on February 28. Mujtaba himself has not appeared since the death of Ali Khamenei. Even before this, he has not given any interview, so few people know him outside Iran. But it is true that for many years the real power of Ayatollah Ali Khamenei's power was in the hands of Mujtaba.
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