The U.S.–Iran conflict expands into a multi-nation crisis, reshaping energy markets, global trade, and forex volatility as oil prices surge and geopolitical uncertainty spreads.
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Oil prices surge above $110 per barrel amid the Iran war and the closure of the Strait of Hormuz, as Middle Eastern producers cut output and global markets react to supply disruptions.
War with Iran disrupts global travel industry as 20,000 flights are canceled and more than a million passengers are affected, threatening a sector worth $11.7 trillion to the global economy.
