US Blockade of Iran's Impact on Global Energy
Analysts warn that a US naval blockade targeting Iranian ports could severely worsen the global energy crisis. Even though the US says it will only affect Iranian ships, experts argue it effectively blocks the Strait of Hormuz, a vital oil route. This could push oil prices above $150 a barrel and cause ripple effects, increasing costs for chemicals, fertilizers, and raw materials worldwide. The uncertainty alone is driving up insurance premiums and disrupting global supply chains, with potential shortages in everything from packaging to food production.
https://www.aljazeera.com/news