Continued military tension of Iran-Israel to leave fatal impacts on US economy: MP
By Sadeq Dehqan &
Reza Abesh Ahmadlou
Staff writers
A member of the Energy Committee of the Iranian Parliament said the continuation of the military tension between his country and the Zionist regime will lead to fatal impacts to the economy of the United States.
Ramezanali Sangdovini told Iran Daily that in the case of extended conflicts in the region, the US economy will suffer the most.
“I think the occurrence of war and direct conflict between Iran and the Zionist regime will be unlikely, as going to war with Iran shows the depth of Israeli stupidity. However, if the Israelis want to continue their evil measures against Iran, Iran will respond to them with full power.”
It is certain that any military conflict in any part of the world affects the oil market which causes its price to rise in the global market, the MP said adding that it would be more severe if one side of the tension is one of the major oil producers in the world.
Talking on the recent Operation True Promise of military response to Israel’s military attack on Iran’s consulate in Syria, the lawmaker stated that the military response had an immediate impact on the oil market as we saw the rise of oil prices in the world market.
The turbulence of the oil market along with the impact on the global economy will affect all countries, including oil producers and consumers, he continued.
The MP said when an evil and criminal regime attacks a consulate, which is considered to be the territory of that country according to international rules, it cannot be left unanswered, as we witnessed, Iran gave a punitive response to Israelis.
“Iran’s response to the Zionists was not only approved by the Iranian people, but also the noble people of the world defended it. But in any case, such military actions and conflicts show their impacts on the oil market and the world economy.”
An increase in the price of oil may somehow benefit oil producers and exporters, as Iran is one of the largest sellers of crude in the world, and a series of countries are buyers of Iranian oil, but if war develops in the region, all countries will suffer, he warned explaining that this issue includes all the oil exporting countries like the US and Russia.
“Iran enjoys resources of fossil fuels and a large part of the country’s need for gasoline and other fuels is met by Iranian resources, but we are considered one of the countries with the highest rate of fuel consumption in the world, so we should do better in terms of optimal fuel consumption,” the lawmaker said.
Pointing out that on average, between 110 and 140 million liters of gasoline are consumed daily in our country, he clarified part of the high consumption of fuel is related to cars, and the fuel consumption of some domestically produced cars is 12 liters per 100 kilometers, which is much more than the global standards.
One of the important issues addressed by the Seventh Economic Development Plan is the fuel consumption optimization, in this regard, the optimization of energy consumption, including oil, gas and electricity has been put on the agenda, Sangdovini concluded.