Govt concerned about economic impact of U.S.-Iran tensions

Wed, Jan 8th 2020, 09:00 AM

As the eyes of the world focus on the rising tension between the United States and the Islamic Republic of Iran, as well as the global economic fallout that could arise, Deputy Prime Minister and Minister of Finance Peter Turnquest said given the vulnerability of The Bahamas there is concern. Following a drone attack ordered by U.S. President Donald Trump that killed Qassem Soleimani, a top Iranian general, the U.S. is bracing for retaliation, leading many around the world to fear war. With global crude oil prices already on the rise as a result of the conflict, Turnquest said the government is watching how the tensions unfold.

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