Home » today » Business » Fears of soaring fuel prices after Iran attack – 2024-04-17 07:18:30

Fears of soaring fuel prices after Iran attack – 2024-04-17 07:18:30

The serious concern about the further escalation of Iran’s attack on Israel which in this way “responded” to Netanyahu’s attack on the Iranian consulate in Damascus and a possible subsequent jump in fuel prices troubled the “MEGA weekend” this morning.

The generalization of a conflict in the Middle East region would have direct effects on global trade, especially energy, estimated Panagiotis Sotiris, speaking to MEGA as among all others Iran controls the Straits of Hormuz through which 21% of the world’s oil is transported. The USA avoids the generalization of the conflict and in this direction it pressures Israel, however declaring its support for it.

The wing commander also mentioned the same issue Konstantinos Iatridis which estimated that Iran was forced to respond after the Israeli strike on the Damascus consulate. Mr. Iatridis estimated that the attack from the side of Iran will not continue and that such a thing is not in its interest. On the contrary, Iran’s attack had positive results for Israel as it managed to rally the Western world around it.

The Deputy Minister of National Economy and Finance also spoke on the “MEGA weekend” about the developments in the Middle East. Haris Theocharis.

“In order to prevent product prices from skyrocketing under the pretext of developments in the Middle East, the minister emphasized that, “the state has the mechanisms to carry out checks. This period when things are in turmoil, all mechanisms are on alert. Whether it’s for profiteering or tax evasion, the people and crews of AADE and DIMEA will be on the streets these days,” added Mr. Theocharis.

On the assistance to households for fuel: “the country is still in fiscal adjustment. The targets are ambitious, the European rules are changing and the new fiscal rules will be implemented which completely change the landscape. They are different, the rules have to do with expenses and not surplus. It is too early to talk about the budget if it is feasible. In my opinion, it is difficult to implement.

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