• Reading Level 4-5
Theory of knowledge | Maths | Form Time | Economics

World economy falters over blockade

Oil Wars: The US-Iran conflict in the Strait of Hormuz threatens to destabilise global energy supplies, sending prices soaring and forcing the world to reconsider its reliance on "liquid gold".

Does oil rule the world? The US war on Iran threatens to send oil prices stratospheric, with consequences across the globe. Some think that oil is the most powerful substance ever discovered.