The surge in oil prices since the war began have fanned concerns about a fresh spike in inflation

The surge in oil prices since the war began have fanned concerns about a fresh spike in inflation

Stocks tumbled Monday and oil prices rose after Donald Trump and Iranian leaders traded threats over the key Strait of Hormuz, while Israel said the Middle East war could last several more weeks.

With the conflict now in its fourth week and showing no sign of ending, the head of the International Energy Agency warned of the worst global energy crisis in decades and said the world economy was under "major threat" from the crisis.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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