US-Iran War Risk: Oil Spike to $180, Global Economy and Internet Disruption at Stake

AI Summary (NQ-processed)

As the Northern Hemisphere approaches its peak summer energy demand, tensions between the US and Iran are threatening global oil supplies. Analysts warn that Brent crude could surge to $180 per barrel if oil exports through the Strait of Hormuz are disrupted, potentially triggering a global recession. Furthermore, Iran is now threatening to charge fees for submarine cables passing through the strait and has hinted at potential data transmission disruptions, posing a new strategic threat to global finance and the internet. A poll in Japan shows over 70% of the public supports energy conservation measures.