Global energy markets face an unprecedented supply shock from attacks near the Strait of Hormuz and Iranian hostilities, causing Brent crude to spike and prompting governments to enact emergency conservation measures.The International Energy Agency and the USA authorized significant releases from strategic reserves, but these may not fully offset the 15 million barrels per day offline, leading to negative market reactions and heightened inflation risks.This crisis is reigniting debates on energy security and the transition to renewables, with analysts warning of continued volatility and potential stagflation if high prices persist.The escalating conflict also impacts central bank interest rate cut expectations, with
Goldman Sachs pushing back its forecast and the
Federal Reserve's key inflation indicator closely monitored.