As everyone talks about the impact of oil, the biggest shi*show starting up, at least in Middle East is on the business and corporate side in every single industry, IT, construction, Insurance, HR, everything is getting hit badly from regional to global levels.
Payables are piling up, Banks are panicking, companies are panicking to move their data after Amazon DataCentre hit, insurance industry is in chaos, HR companies are in freefall as everyone either wants to leave or needs a premium now, UAE Real Estate related businesses are on freefall. Global investments within Tax Havens, are on freefall, Tourism industry is just simply gone.
And eventually, Every single business in Middle East is based on international investments. This is now hitting every single major global company at the top levels, as their ME operations and investments are getting destroyed. I know of 3 US companies who had thrown all their stakes in their Middle East operations and they are already afraid they might have to file for Bankruptcies in the US.
The business chaos alone is gonna drag the whole world down with it. When the impact of oil prices reaches globally, that will be shockwave to businesses, that nobody's prepared for. I cannot believe that the people who decided this war did not think about this all.