Middle East Conflict Disrupts Shipping And Global Energy
Escalating Middle East conflict has driven tanker traffic through the Strait of Hormuz down over 95% and pushed Brent crude above $83 a barrel on Thursday. The International Transport Workers' Federation declared the strait a "warlike operations area," while Toyota cut nearly 40,000 Middle East vehicle builds, signaling wider supply-chain disruptions and higher inflation risk for global markets.
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Sources
- Read OriginalMiddle East Conflict Escalates: UAE Intercepts Missiles as Oil Surges and Global Markets Reactstockmarketwatch.com
