The escalation of the armed conflict in the Middle East has led to a sharp reaction in financial and commodity markets. Analysts predict significant fuel price hikes at Polish stations from March 2, and the price of crude oil could, in an extreme scenario, reach $150 per barrel. Investor anxiety has also hit cryptocurrency valuations and the Polish złoty, while gold has reached record prices above $5,200 per ounce.
At a basic level
Explains the basic resolution of subtraction problems related to everyday tasks using simple subtractions.
At an intermediate level
Applies mental calculation strategies for subtraction in basic school or commercial projects.
At an advanced level
Uses complex mental calculation strategies for subtraction to optimize advanced scientific or financial technological processes.
The attack on Iran has become a catalyst for rapid changes in the global and domestic economy. Commodity markets reacted with an immediate increase in uncertainty, which translates into concrete forecasts for drivers. Price adjustments at petrol stations are expected from March 2, with owners of diesel-powered vehicles likely to feel the most severe increases. According to the Reflex bureau, petrol could become more expensive by an average of 4 groszy, while diesel by 3 groszy per litre, although some sources point to the risk of breaking the 6 złoty per litre barrier in a broader timeframe. In a broader perspective, analysts from the Norwegian bank SEB outline four possible scenarios for the development of the situation. The most pessimistic one assumes an increase in the price of Brent crude even to $150 per barrel, which could occur in the event of a complete blockade of transport through the Strait of Hormuz. Conversely, the optimistic scenario allows for a drop below $60 if the conflict is quickly extinguished and OPEC countries increase production. Currently, however, a risk-off atmosphere dominates, visible in the retreat from stocks and emerging market currencies, including the Polish złoty. Relations between Iran and the West have remained tense since the Islamic Revolution in 1979, and Tehran's strategic location on the Strait of Hormuz means that any conflict in this region directly threatens the stability of 20% of the world's energy supply.The situation has also affected alternative markets. Bitcoin recorded significant declines, losing its status as a safe haven in the face of a real military threat. Investors have traditionally directed their capital towards precious metals. The price of gold has surpassed the psychological barrier of $5,200, which is the highest result in many weeks. Poland, although it has diversified LNG supplies, among others.
Mentioned People
- Nerea Galán — The author who presents strategies for primary school children to improve their mental calculation skills in subtraction.