Strait of Hormuz Shutdown Sparks Economic Upheaval, Defense Industry Boom

The ongoing U.S.-Israeli conflict with Iran has sparked a cascading series of economic shocks, centered around the closure of the critical Strait of Hormuz. Since the shutdown, global trade and energy markets have been roiled, with significant consequences for developing nations, while a handful of industries — notably defense and finance — see unexpected profit surges. The Strait of Hormuz, a chokepoint for about a fifth of the world’s traded oil, remains shut down amid Iran’s blockade and a U.