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Iran War - Day 10: Oil Prices Skyrocket as Global Energy Crisis Emerge
Mar 09, 2026 | English
Iran War - Day 10 ਜੰਗ ਕਾਰਣ ਤੇਲ ਦੀਆਂ ਕੀਮਤਾਂ ਅਸਮਾਨੀ ਚੜ੍ਹੀਆਂ
The Iran war enters Day 10, and the global economic impact is becoming increasingly visible as oil prices surge to multi-year highs. Escalating fighting in the Middle East, attacks on energy infrastructure, and disruptions in the Strait of Hormuz, a route that carries about 20% of the world’s oil supply — have shaken global energy markets.
Reports show crude oil prices briefly spiking close to $120 per barrel, the highest level since 2022, as production cuts, refinery attacks, and shipping disruptions continue to tighten supply. Governments and global markets are now bracing for higher fuel prices, inflation risks, and economic uncertainty if the conflict continues.
In today’s Connect FM discussion, hosts Vijay Saini and Vasu Kumar analyze the latest updates from the Iran war, why oil prices are skyrocketing, and what this could mean for Canada, global economies, and everyday consumers.
#iranwar #IranWarDay10 #oilprices #globaloilcrisis #energymarkets #middleeastconflict #straitofhormuz #fuelprices #inflation #worldnews #geopolitics #connectfm #vijaysaini #vasukumar #breakingnews