S&P Global Warns: US-Iran War Could Push Crude Oil Above $100, Trigger Historic Crisis

• S&P Global warns a US-Iran war could cause the biggest crude oil supply disruption in history.
• Iran's control over the Strait of Hormuz, vital for 20 million barrels daily, poses a major threat.
• Closure of the Strait would skyrocket oil prices past $100, leading to global shortages and prolonged high costs.
• India, the world's third-largest oil importer, faces severe challenges as most oil comes via the Middle East.
• Rising oil prices would fuel inflation, increase petrol/diesel costs, and impact economies worldwide, including Europe, Asia, and America.