The impact of the US and Israel's war in Iran is starting to hit home - no matter where you live.
As the conflict blocks oil exports from the Gulf region, and producers start to cut output, the supply shock has sent oil soaring toward $85 per barrel, rattling financial markets, driving up prices at the pump and raising fears of a bigger economic hit.
The war has been an unwelcome reminder of the world's ongoing dependence on the Middle East for energy supplies, recalling supply shocks that hit the world in the 1950s and 1970s.
But analysts say the impact this time is much larger.
Roughly 20% of the world's crude supply travels through the Strait of Hormuz, where the war has blocked ship traffic.












