With every twist and turn in the current Middle East conflict, the price of oil on the futures market spikes and dips.
As we end the month of March the price of a barrel of Brent Crude is standing at $107. Just the day before it was at $116 per barrel.
The current analysis by experts predict and oil shock to the world economy akin to the worst of the oil shocks in the 1970s.
Added to that is the supply and cost of fertiliser which looks like it will cause some extreme food price inflation down the line.
Countries all over the world are looking at refined fuel supply shortages with the possibility of rationing rearing its head. All this from a previous position of glut and over supply.
And of course the effects of war on local populations affected by the 'smart' weaponry and ease of kill chains dwarfs all economic considerations.
