Fuel Prices Soar Globally Amid US-Iran War
Global protests erupted over soaring fuel prices and power outages, fueled by the ongoing US-Iran war. Oil prices surged above $100 a barrel last week after further US attacks on Iranian oil tankers in the Persian Gulf.
In the United States, families who rely on oil for heating during winter are facing higher fuel costs, with analysts predicting a 30% price increase due to the war with Iran.
Low-income countries are particularly hard hit, with governments struggling to cope with the economic fallout. Pakistan's Prime Minister Shehbaz Sharif approved a national plan to save energy and cut costs, including halving government vehicle fuel for three months.