The attacks by the United States and Israel against Iran should not have an immediate impact on the Brazilian macroeconomy, said Finance Minister Fernando Haddad this Monday (2). 
He considered, however, that it is difficult to predict how the conflict will unfold and that the ministry is analyzing the issue “cautiously”.
“The scale of the conflict will determine a lot of things. The Brazilian economy is in a very good moment of attracting investment. Even if there is short-term turbulence, it should not impact the macroeconomic variables, unless, as I said, this conflict escalates”, he said at the University of São Paulo, before giving a master class to students at the institution’s Faculty of Economics, Administration, Accounting and Actuarial Science.
“We will monitor it with caution to eventually be prepared for a worsening of the economic environment, which at this moment is difficult to predict will happen,” he added.
Earlier, a commander of Iran’s Revolutionary Guards said the country closed the Strait of Hormuz for the passage of ships and that vessels that try to pass through the place will be set on fire. The location is a fundamental route for the global transportation of oil.
