Oil Shock Panic As Iran Targets Gulf In Economic War$200 Oil Nightmare Looms Global markets are bracing for chaos as Iran threatens to unleash a “full-scale economic war” — sending oil prices spiralling toward a feared $200-a-barrel catastrophe. Gulf Energy In The CrosshairsTehran has warned that energy facilities in Saudi Arabia, the United Arab Emirates and Qatar are now “legitimate targets” — raising the spectre of devastating strikes on the world’s energy lifeline. Fire At World’s Biggest Gas FieldThe escalation follows an Israeli strike on the massive South Pars gas field, sending flames into the night sky and triggering panic over global energy security. Strait Of Hormuz ChokedAt the heart of the الأزمة, the Strait of Hormuz — through which roughly a fifth of the world’s oil flows — is effectively shut down, choking off millions of barrels a day. Prices Surge, Pain BeginsOil has already surged from around $70 to near $110 — with petrol and diesel costs jumping sharply as the first wave of economic pain hits households. ‘Economic War’ DeclaredIranian officials have made it explicit: this is no longer just a military conflict — it’s a direct assault on the global economy. Missiles Across The GulfIran has launched fresh strikes across the region, hitting targets including Riyadh and bases hosting Western troops, as the conflict widens beyond its original borders. Trump Turns Up PressureDonald Trump has escalated the standoff, warning allies he could abandon protection of vital shipping routes — effectively forcing them to step up or face the consequences. UK Refuses To Dive InMeanwhile, Keir Starmer is resisting calls to send British warships into the danger zone, warning against being dragged into a wider war. Global Shock IncomingExperts warn the الأزمة could eclipse even the 1970s oil crisis, with supply shocks, soaring prices and economic turmoil now looming on a global scale. From War To Wallet HitWhat began as a regional conflict is rapidly becoming a worldwide cost-of-living crisis — with energy bills, fuel prices and inflation all set to surge. SOURCE
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