Global energy markets are feeling the squeeze right now as average fuel prices across the US hit their highest mark in almost a year. This massive disruption comes straight from the ongoing conflict in Iran, which has basically choked off shipping traffic through one of the planet's most vital oil transit routes.
With the crisis getting worse by the day, Donald Trump has publicly called on both allies and rivals around the world to step up and send in naval support right away. Despite his requests for a coordinated military effort to secure the region, global powers have largely dismissed the plea, leaving the economic consequences to mount unchecked.
