As the U.S. gears up for a potential ground war in Iran, $100-plus oil threatens ‘demand destruction’ — starting in Asia

As the U.S. prepares for a potential ground war in Iran to secure the Strait of Hormuz, oil prices remain above $100, raising concerns about "demand destruction" in various industries, particularly in Asia. The situation is critical as sustained high oil prices could lead to significant economic disruptions, impacting global markets and trade. This development underscores the geopolitical tensions in the region and their potential ripple effects on the global economy.