Energy

Global Energy Crisis Triggers Industrial Chain Reaction as Iran Conflict Chokes Key Supply Routes

The ongoing Iran conflict has transformed from a regional crisis into a global economic disruption, forcing airlines to ground flights, pushing e-commerce giants to implement emergency surcharges, and compelling governments to waive import duties on critical industrial materials. Aviation fuel costs have more than doubled in 30 days while the Strait of Hormuz closure threatens to exhaust airline fuel reserves within weeks.