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Why Everything Is Getting Expensive Right Now | Vantage on Firstpost

Why Everything Is Getting Expensive Right Now | Vantage on Firstpost

Vantage
31 March 2026, 5:00 AM IST
Palki Sharma
SummaryFirstpost+

Why Everything Is Getting Expensive Right Now | Vantage on Firstpost

This is an AI-generated summary and has not been vetted by the Firstpost editorial team
The war in West Asia is no longer regional—it’s global. A blockade of the Strait of Hormuz, which carries 20% of the world’s oil, has sent prices soaring from $70 to nearly $120 a barrel. But the shock goes far beyond fuel. Countries are rationing energy, markets are tumbling, and currencies like the rupee are hitting record lows. From helium shortages affecting chips to fertiliser disruptions, threatening food supply, the ripple effects are everywhere. Flights, factories, even sports are impacted. Hem Saroya tells you more.
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