Anonymous20 days ago
Major Wall Street banks have collectively reversed their bearish oil forecasts, warning that the U.S.-Israel military campaign against Iran and the effective closure of the Strait of Hormuz is triggering the largest oil supply disruption in history — one that could push crude past $140 a barrel, drive global stagflation, and tip vulnerable economies into recession if the conflict drags into spring. With gasoline prices already surging 21% in a month, the IEA releasing a record 400 million barrels from strategic reserves, and developing nations from Bangladesh to Sri Lanka imposing emergency fuel rationing, the crisis is rapidly metastasizing from a regional war into a global economic emergency.