On March 3rd, crude oil futures prices in the international market saw a significant increase, with Brent crude, a major global benchmark, rising by 9% to reach the 85 dollar per barrel mark. This spike marks the highest price seen in a year and a half, driven by ongoing attacks from Iran targeting energy-related facilities in the Middle East, sparking widespread concerns regarding the reliability of oil supplies. In the New York market, West Texas Intermediate (WTI) crude also saw a notable increase, temporarily hitting the 77 dollar per barrel mark, reflecting an 8-month high in prices. Furthermore, the price of natural gas in Europe, indicated by the Dutch TTF index, surged by over 40% on March 3rd alone, representing more than double its price compared to the previous week. This dramatic rise in energy prices has raised alarms that inflation, which had shown signs of easing in Europe, could once again become a pressing issue if these elevated prices persist. The ripple effects may lead to widespread production halts across various industries due to increased operational costs associated with rising energy costs, further complicating the economic recovery in the region.