00:00Also, the U.S.-Israeli war on Iran could leave consumers and businesses worldwide facing weeks or months of higher fuel
00:08prices even if the conflict, which is now in its eighth day, ends quickly.
00:13This is due to suppliers grappling with damaged facilities, disrupted logistics and elevated shipping risks.
00:19The war poses a threat to the global economy and makes U.S. President Donald Trump vulnerable politically as he
00:26heads into the midterm elections with voters sensitive to energy bills.
00:30Since the start of the war, global oil prices have surged by more than 25%, driving up fuel prices for
00:37consumers worldwide.
00:39In addition, the conflict has already led to the suspension of about a fifth of global crude and natural gas
00:46supply.
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