By: Stories Buzz
The conflict involving Iran, Israel, and the United States has disrupted shipping routes and energy supply. Brent crude even surged close to $120 per barrel during the crisis.
Donald Trump defended the price spike, saying: Short-term oil increases are “a very small price to pay for safety and peace.” He claims prices will drop once the Iran threat ends.
The oil surge has triggered:
Market volatility
Rising fuel prices
Global inflation worries
Experts warn the conflict could disrupt 20% of global oil trade routes.
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