00:00Something huge just hit the global oil market, and it could affect everyone.
00:03Oil prices suddenly surged more than 25% in a single day.
00:07That is one of the biggest jumps ever recorded.
00:10The reason is the rapidly escalating conflict involving Iran, the United States, and Israel.
00:16The crisis is unfolding around the Strait of Hormuz, one of the most critical oil routes in the world.
00:21Nearly 20% of the planet's oil normally passes through this narrow waterway.
00:25But now tanker movements are slowing, and shipping companies are becoming cautious because of rising security risks.
00:32At the same time, some major oil producers are cutting supplies.
00:36Iraq has already reduced production sharply, and Kuwait has started limiting its output.
00:41Analysts warn other producers could follow soon.
00:44As supply fears spread, traders rush to buy oil.
00:47Prices for Brent crude jumped close to $120 a barrel, while U.S. oil also surged to similar levels.
00:55Experts warn this could mean weeks or even months of higher fuel prices around the world.
00:59If tensions continue, and shipping through the Strait of Hormuz stays disrupted, oil prices could climb even higher.
01:06And that could impact everything from transportation to food prices across the globe.
01:11Put in the building, where you can help the людspers get involved.
01:11Press the Prices to some people who don't have a unit of water.
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