West Asia’s Escalating Crisis is Burning A Hole in Your Pockets; Here’s How | Firstpost Unpacked

West Asia’s Escalating Crisis is Burning A Hole in Your Pockets; Here’s How | Firstpost Unpacked Escalating tensions in West Asia, including Israel’s War in Gaza and direct confrontations between Iran and Israel, are causing global concern. These events have raised fears of price rises for individuals worldwide. West Asia’s pivotal role as a major oil producer and key shipping route underscores its significance in the global economy. Disruptions in this region lead to volatile oil prices, affecting everything from transportation costs to food prices worldwide. The World Bank has already warned of potential surges in oil prices and subsequent spikes in food costs, exacerbating global inflation. As conflicts persist, we explore how this can impact the pockets of ordinary people around the globe. --- West Asia | Iran | Israel | Economy | Oil | Shipping | Food | Inflation | World Bank | Gaza | War | Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News #westasia #iran #israel #gaza #economy #oil #shipping #inflation #worldbank #gaza #war #firstpost #newslive #worldnews #latestnews #globalnews #news #internationalnews #trendingnews Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel. Subscribe to Firstpost channel and press the bell icon to get notified when we go live. @Firstpost Follow Firstpost on Instagram: Follow Firstpost on Facebook: Follow Firstpost on Twitter: Follow Firstpost on WhatsApp: