Global oil prices have surged to their highest levels since 2008, raising fears of a worldwide fuel shortage as the Middle East conflict continues to disrupt critical supply chains.

Brent crude surpassed $140 per barrel in early trading, driven by the combination of attacks on Saudi infrastructure, threats to the Strait of Hormuz, and general instability across the region\'s major oil-producing nations.

Energy analysts warn that if the situation persists, the world could face genuine fuel shortages within weeks. "We are burning through strategic reserves at an unsustainable rate," said a senior analyst at the International Energy Agency. "Without a diplomatic resolution, rationing may become unavoidable in some countries."

Several nations have already begun implementing emergency fuel conservation measures, including restrictions on non-essential driving and reduced operating hours for energy-intensive industries.

The price surge is hitting consumers hard, with gasoline prices at the pump reaching record highs across Europe, Asia, and North America. Economists warn the energy crisis could tip the global economy into recession.