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Tensions in the Strait of Hormuz soar as tanker attacks prompt U.S. retaliations and Iranian threats. With global oil supply at stake, the conflict complicates crucial negotiations on Iran’s nuclear program.
Gas prices in the US have skyrocketed to $4.48 a gallon, driven by the ongoing conflict in Iran. With a 50% increase since the war began, experts warn that rising costs may become the new norm.
The conflict in Iran is shaking global markets, driving up energy prices and exposing vulnerabilities. Economist Mariana Mazzucato calls for a green industrial strategy to combat the crisis and ensure a fairer economic future.
