The Strait of Hormuz and the Global Cost of Conflict The price of oil has surpassed $100 per barrel, a stark reminder that the ongoing conflict in the Middle East is having far reaching consequences for global energy markets.
Behind the numbers lies a complex reality: escalating tensions, regional power struggles, and humanitarian crises.
Recent attacks on Iranian tankers by the US Central Command aimed to disrupt Iran's oil exports but have had the unintended effect of driving up prices worldwide.