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VIDEO INTRODUCTION: The tensions between Saudi Arabia and Iran are growing more and more intense by the day!! and every single world leader including the president of United states is keeping a very close eye on this conflict. this is because if this conflict escalates further, it could shatter the entire world economy!! and if you think this another random middle eastern conflict, I want you to have a look at this graph. This is the price chart of oil from 1970 to 2014 and you will see that every time there is a conflict in the middle east, the price of oil sky rockets by an average of 100%. This is because the middle east alone controls 67% of the world’s oil supply. and if you overlap this graph with the timeline of recession, you will see that, every time this oil spike happens, it by defaults causes a recession which then causes an economic nightmare all across the world!!
So in this case study today, let’s try to understand,
What exactly is the issue between Iran and Saudi Arabia?
Why has this conflict suddenly become dangerous because of US involvement?
and lastly, how will this conflict affect the economy of India and the world itself???
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#thinkschool #businesscasestudy Credits: CNN-News 18, WION, NBC News, Money control pro, Business standard, TV18,Business Today, ABC news, CNBC, ET now ,Bloomberg originals, Financial Times, DW documentary, AL Jazeera English, BBC news, Firstpost. Fair use - This video is for educational purposes only. All materials used in this video, including images, audio, and video clips, are the property of their respective owners and are used here under the doctrine of fair use. This video is intended to provide commentary, criticism, research, and education on the subject matter. We believe this constitutes a fair use of any such copyrighted material as provided for in Section 107 of the US Copyright Law.