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