Jefferies: The United States may suffer the least economic damage in the Middle East conflict, while Russia emerges as the winner

MarsBitNews · 2026-04-10T07:04:43+00:00

Jefferies economist Kumar pointed out that the Middle East conflict has different gains and losses for all parties involved. The United States is less affected by rising oil and gas prices, Russia is a winner, Iran may lift sanctions, while Gulf countries and Asia face losses, and Europe suffers setbacks in geopolitics.

MarsBitNews

2026-04-10 07:04:43

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Mars Finance News: On April 10, Jefferies global economist Mohit Kumar said in a report that the conflict in the Middle East has produced different outcomes for all parties, with the U.S. economy potentially facing the least impact from rising oil and gas prices. From a geopolitical perspective, Russia is the winner of this war, while Iran is expected to use the situation to lift sanctions. Kumar said the main losers are the Gulf countries, which will face a more assertive Iran, and whose economies have already been badly battered. Asia has suffered losses on the economic front due to its reliance on Middle Eastern oil and gas supplies; Europe, meanwhile, has lost ground geopolitically: “because the world clearly no longer cares about Europe’s views.” (Jin10)

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