GLOBAL CRISIS: Oil Prices Cross $104 as War Disrupts World Energy Supply

The global economy is facing renewed pressure tonight as oil prices surged above $104 per barrel due to ongoing disruptions caused by the Middle East conflict.

The situation has been worsened by the continued closure and instability around the Strait of Hormuz, one of the most important oil transport routes in the world. Analysts say this is one of the biggest supply disruptions in recent history.

Countries that depend heavily on imported oil are now struggling to secure supply, while energy costs continue to rise sharply.

Experts warn that if the crisis continues, oil prices could climb even higher, potentially reaching extreme levels in the coming weeks. This would have serious implications for inflation, transportation costs, and global trade.

Consumers around the world are expected to feel the impact as fuel prices increase, affecting everyday expenses.

The energy crisis is now becoming a major global concern, with governments scrambling to respond.

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