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Economic Losses Due to the War in the Middle East
The export of oil and gas
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The export of oil and gas from Middle Eastern countries has been disrupted for almost two months now. During this time, the global economy has missed out on around 500 million barrels of oil, amounting to approximately $50 billion. Economists believe the repercussions of the conflict will be felt for many months, if not years.However, for the average person, it is challenging to grasp what 500 million barrels of oil actually represents. Therefore, experts offer several compelling comparisons to illustrate
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Chin Zhao,
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