JPMorgan: US Seen as Least Economically Damaged in Middle East Conflict, Russia the Winner

BlockBeats News, April 10th. In a report, Jefferies Global Economist Mohit Kumar pointed out that the Middle East conflict has resulted in various outcomes for all parties, with the U.S. economy likely facing the least impact from the rise in oil and gas prices. From a geopolitical perspective, Russia is the winner of this war, while Iran is expected to use this opportunity to lift sanctions.

Kumar stated that the primary losers are the Gulf countries, which will face a stronger Iran and have already suffered severe economic damage. Asia, reliant on Middle East oil and gas supply, has suffered economic losses. Europe, on the other hand, has lost ground geopolitically because "the world is apparently no longer concerned about Europe's opinion" (FX678).