Escalation in Strait of Hormuz and U.S.-Iran Airstrikes Disrupt Global Supply Chains

The U.S. and Iran have intensified direct military engagements, including airstrikes and contested control of the Strait of Hormuz. This escalation threatens critical energy and trade corridors, though the extent of physical damage to infrastructure remains unverified. The situation marks a significant departure from recent containment efforts, signaling sustained upward pressure on global commodity and logistics costs.