US-Iran Conflict Severely Disrupts Global Oil Shipping and Prices

An eight-month conflict between the United States and Iran has severely disrupted global oil flow through the critical Strait of Hormuz and Bab al-Mandeb. Iran's intensified attacks on tankers have curtailed oil volume, keeping crude prices above $100 a barrel, with two cargo ships reportedly sinking last week. Commercial traffic remains below pre-war levels, and the conflict has expanded to include Houthi attacks on Saudi oil tankers and Riyadh's airport.