Oil-importing nations would suffer most if Iran conflict resumes, economist warns
Economist Osama Moein says renewed conflict involving Iran would hit oil-importing countries hardest due to surging energy prices and inflation risks.
Key Takeaways
AIEconomic adviser Dr. Osama Moein has warned that if conflict involving Iran resumes, oil-importing countries would be the most affected.
Speaking in an interview with Al Ekhbariya, he explained that this is due to rising energy prices and the resulting inflationary pressures, which could complicate efforts to lower interest rates.
Global oil prices rose by 2.5 percent to reach $113 per barrel, according to trading data released on Friday, October 30, 2026.