Live Iran strikes Hormuz. Will This Crash the Global Economy?

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Oil prices have surged back above $100 per barrel after a wave of attacks on shipping in the Strait of Hormuz — the narrow waterway that carries roughly 20% of the world’s oil supply.

Multiple vessels have now been hit. Tankers are burning. Financial institutions are shutting branches in the Gulf. Markets are reacting fast.

But what does this actually mean for the global economy?

History shows that oil shocks can trigger recessions, inflation, and geopolitical instability. Yet the world has endured several major oil crises before.

This situation may be the beginning of another one.

What this means

Energy sits at the center of the modern economy. When oil prices surge, the effects ripple through transportation, food production, manufacturing, and global trade. The question now is whether this is a temporary spike driven by war risk… or the start of a much larger economic disruption.

What we’re covering in this LIVE

• The attacks on shipping in the Strait of Hormuz
• Why oil immediately jumped above $100 per barrel
• The history of oil shocks from 1973 to today
• How high oil prices trigger inflation and recession
• Whether oil could spike toward $150–$200 per barrel
• Why Americans still pay global prices despite U.S. oil production

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