Rising tensions following the US and Israel strikes on Iran have triggered a sharp escalation in global inflation, with energy markets bearing the brunt of the fallout. Supply chain disruptions and heightened geopolitical risks are pushing crude oil and gas prices to new highs, raising concerns over broader economic instability. Economists warn that the surge in fuel costs could further strain household budgets and business operations worldwide. The situation underscores how regional conflicts can rapidly ripple into global financial pressures.
Inflation has worsened since the US and Israel attacked Iran, sending energy prices spiralling.
