Iran War Triggers Global Energy Crisis

The ongoing war between the US-Israeli coalition and Iran has sent shockwaves through the global energy market, with oil prices closing at their highest levels since the conflict began.

In the United Kingdom and Asia, energy-intensive industries are warning of potential rationing and significant economic downgrades if the maritime blockade persists.

Major airlines like United and Ryanair have already announced increases in fees, citing a near 100 percent rise in fuel costs at major hubs.

Economists warn that the 'oil shock' is beginning to seep into the broader economy, driving up the cost of everyday goods and services.