Sean K
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Yes, some potential economic implications from this. It will be an interesting next two days on the bourse.
Hadn't realised Oman and Saudi were on side with Palestine too.
Add them in and that's a major chunk of oil supply coming from countries the West is off side with.
That's not to say oil's the only concern obviously but it's a very real practical implication if this escalates to any sort of trade embargo. Bearing in mind that doesn't need anything to be blown up, it just needs oil produces to be angry at the West for its position on the issue. That's what happened last time - a 5 month physical oil embargo and a 12 year price shock triggered by a war that lasted 19 days.
I can't really see much more than a small drop occurring over the week.Yes, some potential economic implications from this. It will be an interesting next two days on the bourse.
There are faults and rights on both sides.Declaring war on Hamas has some second or third order effects such as identifying the weapons used against Israel and having some sort of mandate to prevent any further deliveries. Although, I think they were already trying to do that. What Iran, Syria and Russia do here is going to be interesting. Talk of this being a 9/11 moment for Israel puts it in a bit of perspective. I can't see how Palestine can justify this due to the 'blockade'. Abducting women and children and sending 3000+ rockets indiscriminately into civilian cities and townships is a crime against humanity. No matter whether you're on the Palestinian or Israeli side or not this looks like it's going to get very loose.
Just remember it is Iran who is Palestines main supporter and supplier of rockets and equipment. Iran also is the supplier of drones to Russia as one of their strongest allies.
Taliban has about $80billion in US weapons. They also have offered to fight if neighbouring Muslim nations allow them passage (Allegedly).Can't be verified, but this is certainly very interesting.....
Gee, the market disagrees. ASX went up!I'm going to invoke the Rumsfeldian prognostication:
Known knowns
Known unknowns
Unknown unknowns.
At this point, I wouldn't put money on any outcome. But we are in the fourth turning, I tend toward the more pessimistic.
I wasn't talking about the market.Gee, the market disagrees. ASX went up!
I thought there would at least be some reaction.
I find it hard to believe hamas caught Israel by surprise.
Comedy gold...destroying democracy such is the business of the right wing...
Or it was allowed to happen.Netanyahu too busy destroying democracy such is the business of the right wing.
What a mess.
Or it was allowed to happen.
Iran is becoming a problem and the US war machine loves the middle East.
I find it hard to believe hamas caught Israel by surprise.
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