Tension in the Middle East is increasing day by day. Following Iran’s missile and drone attacks on Israel, Tel Aviv struck back at the facilities in Iran. As usual, Israel did not comment on the issue, some foreign media outlets claimed that similar attacks could be in Iraq and Syria. In other words, the region looks like a keg of powder that could explode at any moment. However, taking into account that the Middle East is the main source of fossil fuels in the world, needless to say, any possible war will impact the economy not only the countries in the region but the whole world.
The post Money spent on defense industry has potential to disrupt macro balances in possible Iran-Israel war first appeared on The South Caucasus News.
