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War's global economic toll

War's global economic toll

As the U.S.-Israeli war on Iran intensifies, the economic repercussions are being felt across the globe.

International jet fuel shortages are triggering mass flight cancellations, while rising gasoline prices in the U.S. and U.K. are fueling inflation and increasing the cost of living.

In India and Sri Lanka, governments are struggling to maintain fuel supplies as production costs for essential goods like televisions and food skyrocket.

The International Energy Agency has warned nations against hoarding fuel, as the blockade of vital shipping routes threatens to derail the fragile economics of the global AI boom.