Vandana Hari, founder and CEO of Vanda Insights, has described the current oil supply disruption as unprecedented in modern history.
According to Hari, the world has never seen around 20% of global oil supply disrupted for more than 10 days. She explained that the crisis is being intensified by geopolitical tensions, psychological warfare, and strong rhetoric, along with ongoing battlefield developments.
The impact is especially visible across Asia, where more than 80% of crude and condensate from the Persian Gulf travels through the Strait of Hormuz.
Hari warned that rising oil and gas prices will affect the entire world, increasing inflation and creating economic challenges for many countries. Higher energy costs could impact everyday life, from fuel prices to groceries and consumer goods.
#OilCrisis #VandanaHari #EnergyCrisis #GlobalEconomy #FuelPrices #StraitOfHormuz #MiddleEastConflict #Inflation #WorldNews #BreakingNews
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