Iran War Drives Global Oil Surge: Why Petrol Prices Are Climbing in New Zealand
The war began with coordinated strikes by United States and Israeli forces on Iranian military and nuclear facilities, marking a dramatic escalation from longstanding tensions. Iran retaliated by launching missiles and effectively shutting down the Strait of Hormuz, a vital waterway through which nearly one-fifth of the world’s oil passes. This closure has halted tanker … Read more