Editorial: The economic fallout of the US-Israeli assault and Tehran’s retaliation is spreading fast, and pushing the most vulnerable towards disaster

A shock to oil supplies is rattling financial markets, driving up prices at the pump and raising fears of a bigger economic hit.

Oil prices have shot up as the war snarls transportation and production in one of the most energy-rich regions on earth.

The conflict is driving up energy prices; threatening food shortages in poor countries; and complicating options for the inflation fighters at central banks.

Trump insists that he's accomplishing what he wanted. “We’ve already won in many ways, but we haven’t won enough."

Editorial: The economic fallout of the US-Israeli assault and Tehran’s retaliation is spreading fast, and pushing the most vulnerable towards disaster

Outcomes depend on how quickly oil tankers can return to the Strait of Hormuz, experts said.

“The only coordinated mechanism that most policy makers across the global South are indulging in right now is prayer.”

Energy prices may jump to all-time highs soon as the Iran war escalates without a ceasefire or a clear victory.