Middle East oil becomes most expensive in the world as war cuts supply - Reuters

Middle Eastern crude oil has become the world's most expensive as regional conflict disrupts supply flows. War in the region is reducing the volume of oil reaching global markets, tightening supplies and pushing prices higher. The price surge affects energy costs for consumers and businesses worldwide, particularly in countries dependent on Middle Eastern energy imports. Higher oil prices typically feed through to gasoline, heating costs, and broader inflation. The situation underscores how regional instability directly translates into economic consequences across global markets.