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War's Shockwave Hits Global Economy Hard

Source: bloomberg.com

War with Iran disrupts the Strait of Hormuz, a key oil shipping route carrying 2.7 million barrels per day.
Global stocks plunge and oil prices spike above $98-$102 a barrel, fueling inflation fears.
Trump issues ultimatum for Iran to reopen the strait by tomorrow amid no signs of de-escalation.

Escalating war between the US and Iran is sending ripples through world markets by threatening oil supplies. Stock selloffs deepen, bonds sell off, and energy prices soar as the Strait of Hormuz faces closure. This matters because it risks higher inflation, slower growth, and petrochemical cuts in Asia.