n, the United States and its allies. Military activity has increased across the region with reports of missile exchanges and heightened defense readiness, fueling concerns of a broader conflict. The Strait of Hormuz, a narrow channel linking the Persian Gulf to global markets, handles roughly 20% of the world’s oil supply. Any disruption could send shockwaves through energy markets, drive up fuel prices and strain global supply chains. Iranian officials have indicated that any retaliation would not be limited to the strait, warning that energy infrastructure across the Gulf could also become targets if conflict escalates. While Tehran has suggested that some maritime traffic might continue under strict conditions, vessels linked to adversaries could face restrictions, adding further uncertainty to already fragile shipping routes. With both sides issuing stark warnings, analysts say the situation is nearing a critical threshold, where even a minor miscalculation could trigger far-reaching consequences for global security and the world economy. Source: Al Jazeera