As global inflationary pressures continue to mount, economists are warning that the latest energy crisis sparked by the escalating US-Israel conflict with Iran could drive consumer prices even higher in the months ahead.
Oil prices have surged amid growing concerns over supply disruptions in the Strait of Hormuz, a critical route for global energy exports, with Brent crude approaching the $100-per-barrel mark.
Analysts say the sharp rise in fuel and transportation costs is already feeding through to food prices, manufacturing expenses, and household energy bills, placing renewed strain on economies still recovering from previous inflation shocks.
