Oil Crisis: World on Brink of Economic Collapse
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Global oil supplies plummet as tensions escalate in key shipping lanes, with Irans Kharg Island and the Red Seas Bab al-Mandeb Strait at risk. Markets panic, with prices soaring and economies bracing for impact. Ukraines recent strike on Russias Baltic oil exports adds to the crisis. Leaders urged to de-escalate before global economies face devastating consequences.
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