Pandemonium has erupted on Tuesday amid the ongoing verbal tussle between the U.S. and Syria, following the chemical weapons attack in Damascus on Aug 21. Global markets went berserk as Syrian President Bashar Assad's turf gears up for a U.S.-led nation strike, warning a massive counter retaliatory attack could be immediately carried out on Israel.
On Tuesday, global markets went crazy as most investors around the world anticipate what could become of this latest doomsday uprising.
Prices of Brent crude and U.S. crude both shot up on fears the ongoing turmoil in the Middle East could anytime go out of control.
"People worry about this becoming a worst-case scenario and turning into a regional conflict,'" Bill Stone, chief investment strategist at PNC Asset Management, was quoted by BBC News.
Of which could become true. According to a report of Iran's Fars News Agency, a U.S. attack on Syria would mean a counter retaliatory act on Jewish state Israel.
"If Damascus comes under attack, Tel Aviv will be targeted too and a full-scale war against Syria will actually issue a license for attacking Israel," the unidentified Syrian army source said.
Various reports have hinted the U.S. is all set to launch an attack against Mr Assad's forces soon, possibly beginning Thursday. The missile strikes could last for three days.
"If Syria is attacked, Israel will also be set on fire and such an attack will, in turn, engage Syria's neighbors," the sourced added. "Thus, a US attack on Syria will herald frequent strikes and attacks on Israel, not just by Damascus and its allies in retaliation, but by extremist groups."
Although hoping the current verbal tussle would just remain at that and not escalate further, analysts cannot help but ascertain that all factors currently indicate to a seemingly chaotic, World War 3 doomsday scenario.
"This is the largest geo-political risk since the start of the Iraq war," Mike O'Rourke, chief market strategist at US-based Jones Trading, told BBC News.
Read: Doomsday Rising? Syria Has 'Descended Into Hell,' Warns of Global Chaos WW3 Should U.S. Push Airstrike
"I am not saying it will escalate to that point, but this war of words with Russia is the first time the US is pitted against another global [power] in a long time. That creates an uncertainty this market is not accustomed to."
On Tuesday, apart from crude oil, prices of the yellow metal gold, long considered as the most safe-haven commodity in turbulent times, jumped by $27 to hit $1,420 an ounce.
"If the US would make [an antagonist] move against Syria ... the Zionist regime's problems will be doubled," Esmaeil Kowsari, a member of the Iranian Parliament's National Security and Foreign Policy Committee told Iran's Tasnim News Agency on Tuesday.
Global markets, meantime, decelerated. Dow Jones dropped 1.1 per cent to hit a two-month low of 14,776.13. Nasdaq and S&P likewise hit rock bottom, sliding 79.05 points to 3,578.52 and closing 26.30 points lower at 1,630.48, respectively.
Jay Carney, White House press secretary, maintained the U.S. strike against Syria does not mean to overthrow Mr Assad's government but merely to convey a message.
"The options that we are considering are not about regime change," he said during a daily briefing with reporters. "They are about responding to the clear violation of an international standard that prohibits the use of chemical weapons."
But regardless how noble the intention maybe, an attack against Syria by the U.S. would definitely create more problems for Israel and doomsday for the adjacent areas.
"A US attack on Syria is not wise, particularly considering the issue that it would happen in a region that is like a powder keg, and Syria's reaction to the air strike by the US or NATO is unpredictable," Hossein Sheikholeslam, an advisor to the Iranian parliament speaker, echoed.
Any use of military means will have dire consequences not only for Syria, according to Abbas Araqchi, Iran's Foreign Ministry spokesman, "but for the entire region."
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