Oil markets are reacting quickly to the Iran conflict, but consumers tend to feel the impact more gradually. According to the International Energy Agency, the conflict has created a significant disruption in global oil supply.
After recent remarks from President Donald Trump suggesting the disruption could extend for weeks, concerns about supply have intensified. The Strait of Hormuz — a key global shipping route for oil — has seen limited access, pushing crude prices higher and lifting costs for fuel-related goods.
