One of the biggest warning signs comes from the oil price surge. As tensions escalate and Iran disrupts shipping routes — especially through the Strait of Hormuz — oil prices have jumped sharply.
Recent data shows:
- Brent crude surged above $108 per barrel
- Oil jumped 6% in a single day
- Nearly 20% of global oil supply at risk
This matters because rising oil prices directly affect:
- Fuel prices
- Food costs
- Transportation
- Manufacturing
- Inflation worldwide
If oil crosses $120 per barrel, analysts warn recession fears could grow rapidly. Countries across Asia and Europe are already preparing emergency measures due to energy shortages.
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