New problems in the Middle East make oil and gas hard to get. The United States, Israel, and Iran have disagreements. This makes people worry about oil and gas for the world. It is like a big oil problem in 1973. Markets are busy because of fighting. The Strait of Hormuz is very important for ships.
This problem started three weeks ago. Attacks hit Iran's energy places. This started more fighting. The Strait of Hormuz is a key water road. Many oil and gas ships use it. Mines are in the water. Iran's energy places were also hurt.
Global oil and gas markets feel this. Oil prices are changing a lot. Prices went up fast. But they also go up and down. People are not sure about supplies.
The fighting is not just in Iran. It also affects nearby countries. Ships might not use another strait. A drone attack also happened. These things hurt trade. Shipping and food prices can go up.
Experts think prices will rise. People will use less energy. Much oil might not be available. This is causing higher prices. This will make prices go up more. Countries that need oil will have more trouble.