Authors: Huda Najjar¹ (orcid ID:0009-0007-0765-6001) ¹ Swiss International University (SIU) Abstract The sharp rise in oil prices during March and early April 2026 has placed energy back at the center of global economic debate. The immediate trigger has been the escalation of war in the Middle East, especially the disruption of flows through the Strait of Hormuz and the damage to energy infrastructure across the region. Yet the meaning of this shock cannot be understood only
The global economy is being rattled today as intensified military conflict involving the United States, Israel, and Iran sends oil prices sharply higher and financial markets into turmoil. After coordinated strikes and retaliatory actions in the Middle East over the weekend, Brent crude — the international benchmark — surged as much as 13 % to over USD 82 per barrel, marking one of the largest single-day jumps in years. The conflict has disrupted activity around the Strait of
