The global economy today faced several challenges, and one
of the most challenging issues is the increase of oil prices, with its highest
price at $125/barrel. The main reason of the rise is fear, as tension between
Israel and Iran continues. The global recessions before 2008 were a result of
geopolitical shock in the Middle East and the recent one, caused by financial
crisis, also led to the increase in oil prices. Iran could response by raising
the tension in the Gulf and latest attacks on Israeli embassies around the
world appear to be a strategy to prevent Iran from creating nuclear weapons.
However if this attempt is unsuccessful, the US and Israel would work together,
using military force, to stop Iran. Such use of military force would cause a
military conflict and that would likely cause a global growth slowdown and raise
the oil prices even higher.
EDITED//
The global economy today face several challenges, and one of the most challenging issues is the increase of oil prices, with its highest price at $125/barrel. The main reason to the rise is due to fear, as tension between Israel and Iran continues. The global recessions before 2008 were a result of geopolitical shock in the Middle East and the recent one, caused by a financial crisis, also led to the increase in oil prices. Iran could response by raising the tension in the Gulf and the latest attacks on Israeli embassies around the world appear to be a strategy to prevent Iran from creating nuclear weapons. However if this attempt is unsuccessful, the US and Israel will work together, using military force, to stop Iran. Such use of military force would cause a military conflict and that would likely cause a global growth slowdown and raise the oil prices even higher.
EDITED//
The global economy today face several challenges, and one of the most challenging issues is the increase of oil prices, with its highest price at $125/barrel. The main reason to the rise is due to fear, as tension between Israel and Iran continues. The global recessions before 2008 were a result of geopolitical shock in the Middle East and the recent one, caused by a financial crisis, also led to the increase in oil prices. Iran could response by raising the tension in the Gulf and the latest attacks on Israeli embassies around the world appear to be a strategy to prevent Iran from creating nuclear weapons. However if this attempt is unsuccessful, the US and Israel will work together, using military force, to stop Iran. Such use of military force would cause a military conflict and that would likely cause a global growth slowdown and raise the oil prices even higher.
The global economy today faced(Verb form)... The main reason of(Wrong word) the rise is fear... The global recessions before 2008 were a result of geopolitical shock in the Middle East and the recent one, caused by (^)financial crisis... Iran could response by raising the tension in the Gulf and (^)latest attacks on Israeli embassies... However if this attempt is unsuccessful, the US and Israel would(Wrong word) work together...
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