Global energy crisis intensifies

Global energy markets are in a state of turmoil as the US-Israel war with Iran continues to restrict vital shipping lanes.

The International Energy Agency has warned that the current supply disruption is the largest the world has ever experienced, leading to a sharp rise in fuel costs across Europe, Africa, and Asia.

Airlines are already responding by increasing baggage fees and cutting unprofitable routes to manage soaring jet fuel prices.

Governments worldwide are now facing the difficult task of stabilizing their economies while navigating a volatile energy landscape.