After nearly six weeks, the Iran war has become the most severe disruption to global oil markets in decades. Oil prices have risen by as much as 40 percent , and Iran’s blockade of the Strait of Hormuz has decimated supply, affecting 20 percent of global petroleum consumption and roughly 25 percent of the oil trade by sea. Even with a temporary cease-fire, the damage done so far will have profound, lasting consequences for the global economy. Some analysts have drawn comparisons of the current

Tag-uri: Petrol