The Hidden Costs of War: How Global Energy Imports Are Suffering The $330 billion price tag on the war between the US, Israel, and Iran is a stark reminder that even as we wage war on distant shores, our economies back home are quietly paying the price.
Data from the Centre for Research on Energy and Clean Air shows that global energy imports have skyrocketed in the past six months, leaving consumers, policymakers, and economists scrambling to make sense of it all.
Oil prices did not rise as expected, but this is precisely the problem – we forget the bigger picture: what happens when global trade and energy markets are disrupted?