There is a war in Iran since the end of February. The USA and Israel attack the country. They killed important leaders in Iran. Iran defends itself with rockets and drones. The war now has effects for the whole world.
The prices for oil and gas rise a lot. This is also due to the Strait of Hormus. This is an important path for ships with oil. Iran blocks this path. Less oil comes to other countries then. People must pay more at the gas stations.
Some countries have big worries about energy. The Philippines declared an energy emergency. There is now less power for air conditioners. Many offices work only 4 days per week. Ursula von der Leyen also warns about high costs in Europe.
In Iran itself, money is worth almost nothing. A new money note over 10 million Rial is worth little. US President Donald Trump keeps threatening Iran. He wants to destroy power plants in Iran. Mohammad Bagher Ghalibaf from Iran threatens back. He then wants to destroy energy sites in the whole region.
