Middle East Tensions Spark Global Energy Fears

Tensions in the Middle East are escalating, posing significant threats to global energy supplies.

The postponement of a crucial meeting between Iran and Gulf states has heightened concerns about governance over the Strait of Hormuz, a vital oil shipping passage.

Saudi Arabia's east-west pipeline was recently closed due to Houthi attacks, further exacerbating supply worries.

Iranian assaults on shipping in the Gulf have also caused concern, prompting a spike in oil prices.