A. Russia-Japan Dispute
B. South China Sea Dispute
C. Iran Conflict
D. Arctic Conflict

• OECD warned that a prolonged conflict involving Iran could affect fuel supplies and inflation.
• Rural areas were considered especially vulnerable to diesel shortages.
• Rising energy prices could increase food and transport costs.
• The conflict has global economic consequences beyond the Middle East.
Exam Tip
Remember: Iran conflict → Energy prices → Inflation → Economic pressure.