The largest oil supply loss in history shakes global markets
The world is currently experiencing the largest oil supply loss in history—three times greater than the 1973 Arab oil embargo. Asia is facing serious jet fuel shortages, with prices doubling. For instance, the price of Asian Jet fuel peaked at $225 per barrel, and Singapore Jet Fuel reached $221. These are the highest prices ever paid for petroleum products, while in Shanghai, oil costs $98.5 per barrel.
Some analysts suggest that Donald Trump's primary objective might not be to take over Iran but rather to rapidly weaken the economies of Europe, Taiwan, South Korea, and Japan.
This situation puts significant pressure on global economies and could lead to further increases in energy prices, prompting consumers and businesses to shift towards alternative energy sources.
