Energy
The Iran War Energy Price Shocks in 7 Charts
Smoke rises from the direction of an energy installation in the Gulf emirate of Fujairah on March 14.
Photographer: AFP/Getty ImagesAs the US and Israeli war on Iran heads into its fourth week, a seismic jolt in energy prices is roiling the world economy and signs are growing the effects will be felt for years to come.
The closing of the Strait of Hormuz to tanker traffic and attacks on energy sites across the Gulf are curtailing supplies and driving up the prices of key global commodities. Everything from flying to the plastic used to make popular toys is, or will be, getting increasingly costly.