00:00Due to the escalating situation in West Asia, gas prices in Europe have skyrocketed, exceeding $800 for the first time
00:08since 2023.
00:10Experts argue that the rise in gas, oil and energy prices due to the escalation of the situation in Western
00:17Asia
00:18would increase the inflation and jeopardize economic growth in the major European industrial powers.
00:24This development came after crude oil prices exceeded $100 per barrel amid the production cuts by major Middle Eastern producers
00:33and an almost total blockade of the Strait of Hormuz.
00:37In this context, Brent crude also surpassed $119 per barrel with an increase of 28.77%.
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