Economic affect due to Israel-Gaza War..

The year 2009 started at a very bad note, the main reason is the Israel -Gaza war. Israel forces had totally traumatized Gaza civilians and demolished nook and corner of the entire HAMAS establishment. Israel war on Gaza did receive a huge outcry in Arab world, and also saw huge outcry in every part of the World. The one more reason for this global outcry is that, Israel greater ally, and Security Council Prime Member USA, still did not oppose Israel attacks.

But Israel-Gaza war do have its negative economic affect, as Arab region took these strikes very seriously, which might result in the Oil production by these Oil rich countries, in order to economic repression against the Israel war. The decrease in Oil supply, may result in global inflation.

The Arab region posed a high growth region in the recent times, with no kind of opposition from the US and its ally, which might result in feeling of disregard of Arab nations towards US and its Allys, at direct economic repression by Arab countries.

Though Israel is defending the War by saying its in the benefit for their Citizens, while HAMAS also recite the same poem at their end. But this War will certainly not bring any respite to high tension region.

Related articles by Zemanta

• U.N. schedules emergency Gaza meeting
• Diplomats Say US Blocks UN Statement on Gaza
• Israeli Troops Clash With Hamas
• U.S. Presses Israel On Cease-Fire, Enlists Arab Countries To Press Hamas

Thanks&Regards,
Mohit