The economist assessed the impact of the settlement of the conflict with Iran on the global economy

The resolution of the conflict with Iran can reduce tensions in the Middle East and have a positive impact on the global economy. This opinion was expressed on June 15 by economics professor Atif Kubursi in an interview with Izvestia.

He noted that instability in the region affects not only the cost of oil, but also the supply of fertilizers and helium, which poses risks to global food security and the operation of medical equipment around the world.

The countries of the Middle East and the Persian Gulf, according to the expert, have already suffered significant losses due to the protracted conflict. He noted that reducing violence in the region, including Gaza and Lebanon, if an agreement is reached, will be an important result.

"This war was seriously draining the American economy. As you know, the US national debt is about $40 trillion, and the war is very expensive," Kubursi stressed.

According to him, the end of the conflict would benefit all parties and could contribute to the growth of economic indicators.

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The agreement between the United States and Iran will be signed on June 19 in Switzerland, Pakistani Prime Minister Shahbaz Sharif said. According to the Pakistani Prime Minister, after intense negotiations, the parties managed to come to a common agreement: the fighting must be completed completely in all areas of the confrontation, including in Lebanon.

The President of the United States also said that navigation through the Strait of Hormuz will be opened after the signing of a deal aimed at clearing the water corridor.