Friends of Project HOPE, I hope you are having a good weekend, and that everything is going very well. Right now we are having a market with a decline, prior to Halving, something that has happened previously. However, we are still in good price ranges, we are above 60, despite the fact that yesterday it dropped below 60k for a few minutes.
All motivated by the war that has just begun between Israel and Iran, which unfortunately will bring many deaths of innocent civilians in this, in addition, we do not know what could happen from now on, above all, we do not know which countries could get into the conflict, supporting On both sides, for now we know that the United States, led by its president (the warlord), has announced its resounding support for Israel in the conflict.
Well, What is going to happen to the price of oil?, based on the information I have, I can say that it is going to rise, considering that war always causes this to increase, because its use as fuel increases. But we must additionally keep in mind that Arab countries are among the largest producers of this resource, and if they enter into conflict, prices tend to rise.
This brings a serious problem for the whole world, because if oil prices increase, all products do so, since the cost of transportation rises, and in doing so, let us remember that in a world as interconnected as the one we have, where Countries actively trade with each other, products arrive through ships, trains and an intricate transportation system that consumes fuel, in addition, we can also see that companies use a lot of energy to be able to produce, and if the cost of energy goes up, everything will go up in price.
This war, which apparently has nothing to do with us in the West, of course if it has anything to do with it, in fact, it directly hits our pockets, it will increase our cost of living, whether we like to accept it or not.
I think that, in addition, human losses are something that affects us as humans who live in a society, because today it is them, but later on we do not know, countries have leaders who frequently only look out for their benefits, and we have witnessed how In Venezuela, or countries like Argentina, and even many African countries, leaders have very little interest in their society in order to enrich themselves. That is, for any of us the situation could change from one moment to the next, or maybe not?.
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