Let’s dive right into the first significant development for 2026 – the eruption of conflict in the Middle East. Picture this: in early March, tensions explode into armed conflict, and almost overnight, the global energy market feels the tremors. The Strait of Hormuz, a crucial passage for oil and gas, sees disruptions, leading to a spike in oil prices by over 60%. Imagine filling up your car and suddenly realizing that the price has shot up dramatically. That’s the stark reality we might face. Meanwhile, gas prices could potentially double, leaving many of us tightening our budgets as we navigate these soaring costs.As if that's not enough, we also need to consider the broader implications of this situation. The United Nations Conference on Trade and Development warns that world merchandise trade growth is expected to drop significantly from 4.7% in 2025 down to between 1.5% and 2.5% in 2026. 

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