Energy markets are under severe strain as geopolitical conflicts escalate, pushing global fuel and power costs to new highs. The ongoing wars in Ukraine and between Israel and Iran—amplified by US and Russian involvement—have disrupted supply chains and triggered widespread volatility. Analysts warn of prolonged instability, with ripple effects expected across industries reliant on energy. The crisis underscores how tightly interconnected global conflicts and economic systems have become.
Global energy prices have soared due to the US and Israel's war on Iran and Russia's war on Ukraine.
