Effects of Iran vs America Attack On World
The war between the two countries has sparked after Iran's General Kasim Suleimani was killed in a US airstrike. After the US invasion, Iran launched missile attacks on US embassies and military bases. The war between these two countries is going to have a direct impact on your pocket. 6 things are going to change with this attack. Therefore, there is a risk of further inflation.
1. Petrol - Diesel Blast
International crude oil prices have risen. This could have an impact on India, along with other countries. Petrol diesel prices in the country may increase. India was importing crude oil from Iran along with Arab countries. However, after the US imposed sanctions, India changed its approach to oil from Iran.
2. Essentials of life will be expensive
Petrol - Diesel prices are going to increase the cost of essential goods. It is estimated that prices of such items as vegetables, fruits, milk may increase.
3. Gold and silver are expensive
Gold continued to rise sharply today. At the end of the week, gold prices fell by Rs 752. Silver also rose by Rs 960 to Rs.
Experts say tensions have escalated in the Gulf country as a result of Iranian airstrike Kasim Suleimani's death in a US airstrike. Against this backdrop, the trend of investing in gold has increased. So gold has become expensive.
4. The stock market
Investors fearing a potential war would prefer to sell the shares and withdraw money after Suleiman was killed. This led to a decline in major Asian stock markets.
5. Inflation will rise
Increased prices of crude oil are going to affect the prices of essential commodities. This threatens to increase inflation. This is alarming news during the economic downturn.
6. Inflation in the wedding season
It's currently wedding season. Due to the rising prices of gold and silver as well as the increased prices of essential commodities, marriage is going to be very expensive.
1. Petrol - Diesel Blast
International crude oil prices have risen. This could have an impact on India, along with other countries. Petrol diesel prices in the country may increase. India was importing crude oil from Iran along with Arab countries. However, after the US imposed sanctions, India changed its approach to oil from Iran.
2. Essentials of life will be expensive
Petrol - Diesel prices are going to increase the cost of essential goods. It is estimated that prices of such items as vegetables, fruits, milk may increase.
3. Gold and silver are expensive
Gold continued to rise sharply today. At the end of the week, gold prices fell by Rs 752. Silver also rose by Rs 960 to Rs.
Experts say tensions have escalated in the Gulf country as a result of Iranian airstrike Kasim Suleimani's death in a US airstrike. Against this backdrop, the trend of investing in gold has increased. So gold has become expensive.
4. The stock market
Investors fearing a potential war would prefer to sell the shares and withdraw money after Suleiman was killed. This led to a decline in major Asian stock markets.
5. Inflation will rise
Increased prices of crude oil are going to affect the prices of essential commodities. This threatens to increase inflation. This is alarming news during the economic downturn.
6. Inflation in the wedding season
It's currently wedding season. Due to the rising prices of gold and silver as well as the increased prices of essential commodities, marriage is going to be very expensive.
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