Iran Conflict Sparks Historic Oil Shock and Economic Turmoil
The ongoing conflict involving Iran has triggered what many experts are calling the most severe oil supply disruption in modern history. Global energy markets are in upheaval as crude prices skyrocket, igniting a cascade of economic aftershocks. For millions around the world, this means sharp increases in fuel and energy costs. Meanwhile, oil and gas giants have reportedly been netting astronomical profits—estimated at $30 million per hour—since the crisis began. The disruptions come amid an alr