What Happened
Conflict Escalation Threatens Global Energy Markets and Economy
The US-Iran war has reached its sixth month, with both sides locked in a strategic deadlock. Iran is seeking to exploit energy-market risks, US military costs, and regional vulnerabilities, while the US is likely to sustain economic pressure and pursue a limited agreement. The conflict has significant implications for global energy markets and the economy, with the potential for higher oil prices and disruptions to supply chains. According to Al Jazeera Centre for Studies, the war has already led to a decline in global oil supply and an increase in energy prices, which could have far-reaching consequences for the global economy. The situation remains uncertain, with neither side appearing willing to retreat, as reported by Al Jazeera Centre for Studies.