Oil Crisis Goes Global | Fuel Shortages, Panic Buying & Price Surge Explained
The Iran conflict has triggered one of the biggest oil supply disruptions in history, sending shockwaves across the global economy. From long queues at fuel stations to emergency measures by governments, the crisis is spreading rapidly across continents. With the Strait of Hormuz disrupted—handling nearly 20% of global oil supply markets are volatile, prices are rising, and economies are under pressure.
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