23 Hrs
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شبكة قدس الإخبارية
Progress in the economic crisis
The article concerns the escalating tensions in the region, particularly Iran's attempts to increase pressure by closing the Strait of Hormuz, which has led to a rise in oil prices, especially diesel and gas, surpassing $110 per barrel. This threatens a widespread increase in the cost of goods. It also discusses the increased control of the Houthi forces over the Bab el-Mandeb Strait and attacks on Saudi oil supply lines, pushing the region closer to a global economic crisis related to market contraction and economic decline. These developments are connected to efforts to avoid a crisis similar to the 1929 Great Depression through potential agreements. Meanwhile, Israeli Prime Minister Netanyahu and Hezbollah Secretary-General, along with others, are facing difficulties as critical elections approach, amid a decline in European and American support for them.
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