Iran War Spikes Oil to $100, Airfares Hit Records

The war in Iran drives Brent crude prices to around $100 per barrel as of March 13, up 13% since the conflict began and volatile amid attacks on refineries, storage facilities, and Saudi oil fields. Limited maritime movements through the Strait of Hormuz disrupt 20% of global energy shipments, with Iran placing mines and targeting tankers, Omani storage, and desalination plants. Fuel prices surge 15-20% at pumps worldwide, while natural gas jumps 50-60% due to LNG risks and low European stocks.