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Many videos circulating on social media show attacks, but it is still unclear what is happening. It seems to be a very serious situation, as it is not just a conflict between Israel and a group, but two military powers, Iran and Israel, facing each other. There are great chances of intervention by the United States in this conflict, which could make the scenario truly catastrophic.
The biggest fear at the moment is that, in the event of a conflict with the United States, Iran will close access to the Persian Gulf, which could drive oil prices to levels never seen in recent decades. It is important to remember that the Persian Gulf region is responsible for a significant part of the world's oil production and distribution. Therefore, if a war between Israel and Iran were to break out, the consequences would be very serious, not only in humanitarian but also economic terms.
If such a scenario comes to fruition, oil prices could skyrocket quickly, resulting in runaway inflation, similar to what occurred in the United States in the late 1970s and throughout the 1980s. This could trigger a serious recession.
This is how bitcoin proponents learn how the world still has an effect on assets that seem safe from inflation.
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