Iran War Sparks Global Energy Crisis As Oil Surges, Fuel Prices Rise And Coal Makes Comeback

The Iran war is now triggering a global energy crisis, hitting economies far beyond the battlefield. Fuel prices in the U.S. have surged past $4 per gallon, while oil has crossed $100 a barrel amid fears of supply disruption through the Strait of Hormuz. Experts warn prices could spike even further if tensions escalate. Asia faces the biggest risk, with countries like India, Japan, and South Korea heavily dependent on Gulf oil. As supplies tighten, nations are turning back to coal despite environmental concerns. What began as a regional conflict is fast becoming a global economic and energy shock.