Conflict resolution expert Dr Kingsley Makhubela has warned that global currencies could come under severe pressure as tensions escalate in the Middle East.
This follows the killing of Iran’s Supreme Leader Ayatollah Ali Khamenei in a joint US-Israeli military strike.
Makhubela says currencies in energy‑dependent economies may weaken sharply as investors brace for a wider economic shock.
“If this conflict escalates, you are likely to see targeting of oil infrastructure. The Middle East, particularly the Gulf states, may be banning. So that’s really what is at stake. Tomorrow, there are projections that you are likely to see the oil prices when the markets open going to 100 US dollars per barrel. But this attack was really stage-managed by the U.S. and Israel. They conducted the attack yesterday in the morning. When the markets in the U.S. are closed.”
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www.sabcnews.com, https://www.sabcnews.com/sabcnews/expert-warns-middle-east-tensions-could-pressure-global-currencies/
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