Much Worse

Please Subscribe to Joe & Naz - https://youtu.be/Sweww3LFPlE Win My Beach House or £250,000 in Cash https://raffall.com/406639/enter-raffle-to-win-350k-beach-house-westward-ho-uk-or-250k-cash-hosted-by-joe-blogs If you would like to support the Channel: https://www.buymeacoffee.com/JoeBlogs https://www.patreon.com/joeblogsYT YouTube Membership - https://www.youtube.com/channel/UCjniKviAJH0mENoLStpQXmQ/join YouTube Super Thanks (click below) Oil prices are surging again — and this situation is now getting much worse. In today’s video, we break down the latest escalation in the conflict involving the United States and Iran, and why it is having an increasingly severe impact on the global economy. Crude oil has now surged above $120 per barrel, hitting highs of $126, marking the highest levels in years. More importantly, prices have remained elevated for over 50 consecutive days, signalling that this is no longer a short-term spike — this is a sustained energy shock. At the centre of the crisis is the Strait of Hormuz, a critical global chokepoint responsible for around 20% of the world’s oil supply. Any disruption here has massive consequences — far greater than anything seen during the Ukraine war. We also cover: The latest reports of potential military escalation, including discussions around hypersonic weapons The $25 billion already spent by the Pentagon on the conflict The growing economic damage now estimated at $50+ billion and rising Why airlines like Air France-KLM are facing billions in additional fuel costs Signs of economic slowdown in countries like France Surging food and commodity prices as the “war premium” spreads This is no longer just an oil story. Rising energy costs are now feeding into: Inflation Consumer prices Corporate profits Global growth And the longer this conflict continues, the greater the risk of a global slowdown — or even a recession. This video explains what’s happening, why it matters, and what could happen next. If you enjoy this kind of analysis, please like, subscribe, and hit the notification bell so you don’t miss future updates. #iranwar #iran #nato #dieselprices #diesel #oilprices #energycrisis #forcemajeure #gasprices #globaleconomy #oilmarkets #lng #straitofhormuz #russiaoil #middleeast #russia #middleeastwar #oilshock #inflation #iran #usa #trump #geopolitics #stockmarket #brentcrude