Hormuz Conflict Impacts Global Shipping

As the U.S. and Israel continue their military campaign against Tehran, the world's most vital oil thoroughfare has become a primary battleground.

While Iran has allowed a few Iraqi-linked tankers to pass, most international vessels are being diverted, leading to severe delays and increased insurance premiums.

The impact is being felt globally, with airlines reporting a critical shortage of jet fuel and many countries being forced to reconsider their reliance on fossil fuels.

Economists warn that a prolonged closure of the strait could lead to a systemic shock to the global economy, potentially triggering a worldwide recession.