Higher oil prices threaten global growth and reignite inflation risks worldwide Strait of Hormuz disruptions place 20% of global oil supply at risk Energy-importing economies face severe fiscal and trade pressure Oil could cross $100 if conflict extends beyond weeks The most immediate and far-reaching economic consequence of the escalating U.S.–Israel confrontation with Iran is … Continue reading Higher Oil Prices Shake Global Economy as Middle East Conflict Redraws Energy Market Future