Tuesday 24 November 2015

Russia may start a large scale war in the Middle East

I always think it is the worst option to start a war, as I have explained in my previous blog. However, it is not hard to smell gunpowder in the air. Turkey shot down a Russian fighter jet and a wider scale of the bombing on ISIS has been launched by France following the Paris attacks. It is not a surprise if there is a war in the Middle East in the near future. A war in the Middle East will definitely affect the oil production, thus an increase in global oil prices. Moreover, the military suppliers can profit from the war. The global commodity prices, including gold, silver and aluminum will increase as many of the metals are important military resources, and gold and silver are good alternatives to the banknotes which can depreciate badly during a war. Russia has very rich natural resources; however, the recent falls in oil and commodity prices damage its economy heavily. By starting a war in the Middle East, Russia could recover its economy by the increasing oil and commodity prices. Moreover, in terms of its military power, it is unlikely for Russia to lose its battle in the Middle East unless NATO intervenes. However, NATO seems to lack interests in intervene, as NATO did not take any active response to back Turkey against Russia. Therefore, when NATO does not intervene, Russia is very likely to start a much larger scale of war in the Middle East, as it could achieve many economic goals by starting the war.

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