US and Israeli military strikes against Iran have triggered a massive global energy crisis after a retaliatory strike on the Ras Laffan terminal in Qatar crippled supplies.Crude oil prices surged past 105 dollars per barrel following the closure of the Strait of Hormuz which resulted in a record daily supply disruption of twenty million barrels.Developing nations including India and Thailand have implemented fuel rationing as the International Energy Agency warns that damage to infrastructure could cause years of stagflation.