Oil prices have increased by over $115 a barrel amid concerns of a potential disruption in shipping through the Bab al-Mandeb strait. The Iran war is affecting global businesses, including used car dealers in Japan and South Korea.

Oil surged over $115 a barrel this Monday as the war in Iran entered its fifth week. Houthi strikes on Israel have raised concerns that shipping through the Bab al-Mandeb strait could be disrupted, adding to the supply pressure already created by the effective closure of the Strait of Hormuz. Also in this edition, we see how the conflict in the Middle East is affecting a wide range of businesses, including used car dealers in Japan and South Korea.