As tension grows between Iran and the USA, many people are asking one big question will this lead to petrol shortages?
Iran is an important oil-producing country. A large amount of the world’s oil passes through the Middle East. If the conflict becomes worse and oil supply routes are blocked or delayed, petrol prices can increase.
Right now, there is no confirmed global petrol shortage. But if the situation between Iran and the USA continues to escalate, fuel prices may rise and some countries could face supply pressure.
According to Imperial, markets are closely watching the situation. The biggest risk is not an immediate shortage, but higher petrol prices if the conflict continues.
Imperial will continue to bring you clear updates on the Iran and USA situation and its impact on the economy.
