West Asia War: Oil Crosses $100, Growing Concern Over Inflation. Are We Staring At Global Recession?
Автор: Times Of India
Загружено: 2026-03-09
Просмотров: 3245
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Global oil markets are on edge as crude prices surge past $100 a barrel for the first time in years amid the escalating conflict in West Asia. The spike comes as fears grow over disruptions to energy supplies moving through the strategic Strait of Hormuz. Nearly a fifth of the world’s oil passes through this narrow waterway every day, making it a critical chokepoint for global energy markets. As tensions between Iran, Israel and the United States intensify, tanker traffic has slowed and energy infrastructure across the region has come under threat.
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