The US-Israeli campaign has disrupted ~20% of global crude oil and natural gas supply, per Al Jazeera and Reuters. Damaged Iranian facilities, disrupted logistics, and elevated shipping risk near the Strait of Hormuz are driving the shock. Analysts warn elevated fuel prices could persist for weeks or months. Economic fallout is eroding Trump's domestic approval ahead of midterms. Sources: Al Jazeera, Reuters (Mar 8, 2026).