Anonymousabout 2 hours ago
The 2026 Iran conflict triggered the largest oil supply disruption in history, sending Brent crude from $67 to $126 per barrel in under a month after Iran closed the Strait of Hormuz — a chokepoint handling 20% of global oil flows. Despite a two-week ceasefire on April 7 that dropped prices to $91, structural factors including infrastructure damage estimated at $25 billion, a 30% surge in fertiliser costs, and projected food insecurity affecting an additional 45 million people mean the economic consequences will persist well beyond any peace deal.