Oil Price Shocks Trigger Global Protests Amid Ongoing Middle Eastern Conflicts
International protests have erupted as oil and gas prices surge due to ongoing conflicts in the Middle East and Ukraine.
The recent clashes in the Strait of Hormuz led to a rise in oil prices, followed by a significant shock after the Houthi group seized the entire Red Sea coast last week.
This gave the US-designated terrorist group control over a key oil shipping route and led to attacks that shut down Saudi Arabia's East-West pipeline, causing price increases felt most acutely in Europe and the Middle East.
Syria, already devastated by war, has seen the worst unrest as a result of these rising costs.