US and Israel Launch Military Attack on Iran, Strait of Hormuz at Risk

The United States and Israel have launched a military attack on Iran, following President Trump's earlier threats. The operation has shifted focus to the Strait of Hormuz, a narrow waterway through which about 20% of the world's oil passes. Iran has previously warned it would block the strait in retaliation for any aggression, raising the risk of a major supply disruption. The attack marks a significant escalation in Middle East tensions, with immediate military and economic implications. No official statements from Iran or the US have been released yet regarding the extent of the damage or the duration of the operation. The global energy market is bracing for potential supply cuts and price spikes.

Global Impact

The attack and potential closure of the Strait of Hormuz would have severe economic consequences, triggering an oil supply crisis that could push global prices above $150/bbl and tip the world into recession. Politically, it isolates the US and Israel further, while strengthening Iran's hand in regional proxy conflicts.