Iran war drives global fuel price surge, straining non-belligerent economies

The Iran war has pushed fuel prices up worldwide, with the impact disproportionately severe in countries like Malaysia, where unsubsidized rates reflect the full market shock. The price surge is fueling protests and worsening fiscal positions of governments uninvolved in the conflict. The extent of the disruption and its duration remain uncertain, but the global nature of the pain suggests a broad supply-side shock.