US Naval Blockade of Iran Sparks Surge in Oil Prices, Global Supply Chain Risks

Tensions escalated sharply on Monday as the United States announced plans for a naval blockade targeting Iranian ports, threatening to choke off the critical Strait of Hormuz. This move, declared by President Donald Trump, aims to punish Tehran for what he called “illegal extortion,” but the economic and strategic ripple effects are already reverberating worldwide. The Strait of Hormuz is a crucial artery for global oil flows, and any disruption risks inflating already volatile energy prices. Oi