Iran war exposes global dependence on Middle East energy
Inflatie
The US‑Israel war on Iran is disrupting global markets, energy flows, and trade routes, triggering a surge in oil prices and renewed fears of supply shortages. The Strait of Hormuz, a key oil trade route, has effectively come to a halt , driving up transport and other costs and raising the risk of renewed inflation worldwide. China and India face particular exposure due to their reliance on Gulf oil , while Europe's shift to LNG has created new vulnerabilities. As major shipping lines reroute
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