Oil Prices Surge Worldwide
One of the biggest impacts is on the oil market. After attacks on Iran’s South Pars gas field, global energy prices have jumped sharply. Oil prices have moved close to $100–$110 per barrel due to fears of supply disruption.
Since Iran plays a key role in energy supply routes, especially through the Strait of Hormuz, any conflict in the region directly affects global oil flow. This has increased inflation risks worldwide.
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