logo

Tag: OilPriceSpike

Geopolitics

The Persian Gulf Crisis: Another Chapter in Western Energy Imperialism

US-Israeli strikes on Iran have triggered major disruptions in the Strait of Hormuz, with oil prices rising over 8% and threatening triple-digit price spikes that could devastate global economies. This dangerous escalation represents yet another example of Western imperialist aggression that prioritizes geopolitical dominance over global stability, particularly harming developing nations who bear the brunt of energy price volatility.