The most significant
risk that today’s economy faces is the increase in oil prices. The rise is not
due to supply, but due to the fear of a war between Israel and Iran, as conflicts
in the Middle East caused the last three international recessions. The US has
attempted to prevent Iran from developing nuclear weapon. If it fails, the US
will use military means to stop Iran. As a result, geopolitical tension may intensify,
push oil prices higher and cause a global recession.
Very good- just one issue:
ReplyDeleteThe US has attempted to prevent Iran from developing nuclear weapon(Word form)(How, as it hasn'rt been by militay means). If it fails, the US will use military means to stop Iran.