Highlights of Local Media Interview with President Isaias Afwerki (Part II)
"Eritreaβs broader development road-map focuses on increasing productivity in the sectors of comparative advantage within a framework of concrete and quantifiable programmes".
https://t.co/cahXfWhKDd
IRAN SHUTTING STRAIT OF HORMUZ = GLOBAL DISASTER
β LNG supply halts β Qatar exports stopped, hitting Europe & Asia
β Europe faces new energy crisis β gas & electricity costs rise
β Oil and gas prices surge β global inflation worsens
β U.S. and allies likely release emergency oil reserves
β Fuel and plastics supply chains hit β diesel, jet fuel, etc. disrupted
β Stock markets fall β energy and transport sectors suffer
β Central banks pressured β may hike rates despite recession risks
β Global recession risk grows β energy-dependent nations most exposed
β U.S. and allies may respond militarily β conflict with Iran possible
β Tanker traffic stops or reroutes β shipping delays worldwide
β Shipping insurance jumps β Strait labeled war zone
β Few alternate routes β Saudi/UAE pipelines not enough
β China and India scramble for energy β seek emergency supplies
β Europe turns to U.S., Norway, Algeria for LNG
β Russia gains β benefits from price spikes and chaos
β UN gridlocked β Russia/China may block action, diplomacy suffers
β U.S. gas prices could hit $5β$7/gallon β public anger likely
β U.S. politics heat up β energy policy becomes major issue
Source: @ShaykhSulaiman