Anonymous3 days ago
The US-Iran military conflict that began with Operation Epic Fury on February 28, 2026 has driven Brent crude from $74 to a peak of $126 per barrel and triggered repeated selloffs across Asian equity markets. With the Strait of Hormuz effectively closed, the IEA has authorized a record 400-million-barrel emergency oil release, while oil-import-dependent Asian economies face mounting inflation, weakened currencies, and slowing growth — and the US House has passed a War Powers Resolution challenging the constitutional basis for the conflict.