Impact of War on Global Economy

I think there's a consensus that the United States has

sustained heavy damage and, uh,

uh, destruction during the, the war,

uh, with Iran. And I think that, uh, uh, we've

seen, uh, various US senior officials,

including military officials, speak of the vast destruction

on US bases, and the costs, uh, of, of, of

the US military are definitely sig- much higher than that which

has been admitted by Hegseth or the, the Pentagon

or the US government.

Uh, so in, in that respect, I, I don't think that there is

much ambiguity. The, the numbers, whatever they may be,

are, are, are, are very significant.

But I think the indirect cost of the war

for the world and for the United States is even...

is much greater than the direct cost because the global economy

is being pushed towards catastrophe.

Uh, the, the diesel crisis continues, and now the

price of crude oil and, and other products from the

region are, are growing, uh, especially after

the,

uh, the conflict, uh, the... after the Saudis bombed

Sana'a International Airport and the, and the recent e- the

events during the recent, recent weeks between Yemen

and Saudi Arabia.

This has intensified.

And, uh, there, there is no, uh,

there's no reason to believe that this crisis is going to,

uh, die down, or i- instead, it's- it seems increasingly clear that

it's going to get worse. And we have to always keep in mind

that the United States is desperately trying to get crude oil

or extra

crude oil out of the, uh, Strait of Hormuz.

But, uh, the, the fact is that other

products are not getting through, meaning, uh,

s- helium and sulfur and, and

other, uh, petrochemicals and refined goods.

Three million barrels of refined fuel

that is, that is usually exported from this region

are not

reaching the global market. So every day that goes

by, the global crisis, uh, expands and grows,

uh, and of course, it's also,

um, agriculture. Agriculture across the world is,

is, is in deep trouble because we see that,

uh, uh,

the, the, the, the, the products needed, uh, for,

to, in order to sust-sustain productivity

are not, are just

simply not, uh, getting out of the Strait of Hormuz.

So, uh, the crisis grows day by day,

and, uh, we are at some point, this is, this

is, you know, the, the global economy is declining.

But, uh, at some point, the, it is going to s- the,

the, the, it is going to fall. It is going to, um, it,

the, the economy is just going to go downhill

very fast, and

who knows when that is going to happen.

So that means the American economy is, is

being, is being, is suffering much more than

just due to the direct costs of the US

military.