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War in Israel: how would the conflict with Palestine affect PERU economically?

War in Israel: how would the conflict with Palestine affect PERU economically?

The escalation of violence between the Israeli Army and the Islamist group Hamas has left a devastating toll, with more than 1,800 dead and thousands of civilians affected. The conflict, which is intensifying, raises the question of how this war in the Middle East could affect distant nations like Peru.

Hamas, an Islamist military organization that seeks to reclaim land for the Palestinians, presented itself as an alternative to the Palestinian Authority. As the conflict escalates, Israeli Prime Minister Netanyahu officially declared that they are at war, with extensive mobilization of reserves and the promise of an unprecedented response.

How will the war in Israel affect Peru?

The specialist in International Analysis, Oscar Vidarte, highlights possible impacts in Peru for La República. In the economic field, The conflict could cause problems in the supply of oil, remembering past cases such as the conflict in Ukraine that affected crude oil prices. “No one had thought that a conflict in Ukraine would have as much impact on Peru as it did,” says the expert. Furthermore, he pointed out the possibility of political consequences, considering the critical position assumed by Peru on human rights and the geopolitical dynamics between the United States and China.

The expert emphasizes that, despite the geographical distance, conflicts like this can have unexpected ramifications in different aspects of national life. Likewise, he highlighted the importance of monitoring how Peru will manage its position in this conflict, considering the influence of world powers and the need to balance political and economic interests.

  Hamas has been killing and kidnapping in the midst of its attacks on Israel.  Photo: AFP

Hamas has been killing and kidnapping in the midst of its attacks on Israel. Photo: AFP

For his part, the economist Marcel Ramirez He highlighted that possible restrictions and increases in the prices of products and oil could significantly affect the South American country. Although the exact scope of the conflict is still uncertain, the possibility arises that the consequences will extend to South America, affecting various outward-oriented sectors.

However, it is crucial to highlight that the conflict in the Middle East is at a stage of uncertain development. “It is necessary for the Peruvian authorities to monitor the evolution of the situation, especially the price of oil, and consider mitigation measures if the impact on the Peruvian economy is significant”commented the expert.

Source: Larepublica

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