
Oil Shock Triggers Global Ripples as Iran War Enters Second Month
One month into the US-Israel war on Iran, the global economy faces a sharp oil-price spike above $100 a barrel, driving higher gasoline costs and inflation while straining supply chains for critical inputs like helium and fertilizer; airlines reroute and raise fares as air travel falters, and economists warn of stagflation risks amid policy-tightening and growth uncertainty.












