Original Source
Oil Rises, Stocks Fall as Iran War Enters Fifth Week Amid Escalation Fears
Middle East Conflict Escalates, Driving Oil Prices Up
The war in Iran has entered its fifth week, causing international oil prices to soar above $115 a barrel. This surge is attributed to the escalating geopolitical instability in the Middle East. Concerns about shipping disruptions through the Bab al-Mandeb strait, following Houthi strikes on Israel, are adding to existing supply pressures exacerbated by the effective closure of the Strait of Hormuz.
Global Economic Repercussions
The ongoing conflict in the Middle East is impacting not only oil markets but also a wide range of global businesses. Industries such as used car dealerships in Japan and South Korea are feeling the effects. The prolonged nature of the conflict continues to exert pressure on global supply chains, increasing overall economic uncertainty.
*Source: YouTube: France 24 English (2026-03-30)*
