How will the Middle East conflict affect global energy prices?
Al Jazeera
Iran is retaliating against Israeli and US attacks where it hurts the most: Energy.
And the world is already feeling it at the pump.
Tehran has disrupted shipping through the Strait of Hormuz – a narrow waterway through which a fifth of all global oil flows.
It has also launched a series of counterstrikes across the Gulf, against oil and gas facilities.
Any further disruption to that flow would cripple the world’s largest importing economies – from East Asia to Europe.
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