Some countries across Asia have announced measures to deal with the impact of soaring global energy costs caused by the US-Israel war with Iran, including capping petrol prices.

On Monday, crude oil surged above $100 a barrel on concerns about potential shortages due to prolonged disruption to Middle East energy supplies.

At the weekend, Iran named Mojtaba Khamenei as its new Supreme Leader - a sign that hardliners remain in charge of the country - while some Gulf countries halted oil production and there were fresh airstrikes in the region.

  • kittykillinit@lemy.lol
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    15 days ago

    Yes, just about everything we spend money on could be cheaper with no repercussions to us.

    The only downside is the people profiting will make less profit. They are completely capable of doing that, but why would they if they don’t have to?

    Hopefully this can put into perspective how stupid the average idiot is when they defend what businesses charge.