Host Misbah Azam is in conversation with Awais Saleem and Fauzia Yazdani to discuss the ongoing conflict between Israel and Iran, its potential global implications, and its impact on oil prices and Pakistan's economy.
After years of making aggressive statements, Israel has finally taken action against Iran, as they had always threatened to do. Iran, in turn, has vowed to respond with whatever means available. The situation could escalate beyond Iranian and Israeli borders, potentially involving the United States and other allies.
The ongoing conflict could have global ramifications, impacting oil prices and economies, including Pakistan's. The recent secret meeting of the SIFC, if it indeed occurred, might aim to address such issues, including potential oil price hikes. However, reliance on a single partner like China may not be a sustainable solution for Pakistan's economic challenges. The conversation also touches upon the potential for trade with India, with differing opinions on its impact on local industries.