Iran Unrest-Bad for World Economy

Recently Iran went for a Presedential election, but unprecedented win by Mahmoud Ahmadinejad created a sudden unrest between the in the region. It leads to clashes between supporters of opposition party and the brutal force controlled by the current President.

But Iran current political unrest will certainly hurt the World economy. Iran is the third largest oil producer in the World and the unrest in the region might affect the oil supply from the region, which put pressure on other oil producing industries to increase the supply and thus result increase in the overall price of the oil, which is is certainly prove harmful to the world economy which is in recession.

Besides, the Iran unrest has already created pain in the neck of UK and USA. Ahmadinejad had clearly given signal to both the foreign economies that, Iran internal matters are their own and nobody's is allowed to interfere in there internal operations. This unrest relationship might proved fatal in the region, and might give US and UK a chance to call a war on Iran. One more war will certainly put World into a much greater recession.

Let's hope this matter be sorted as soon as possible.

Related articles by Zemanta

• Friday's Iranian Election (tpmcafe.talkingpointsmemo.com)
• Riots erupt for a second day in Tehran as security forces battle opposition supporters. (slate.com)
• Moussavi Facebook page throws blame back on regime (cnn.com)

Thanks&Regards,
Mohit