954063 us strikes iran again official says after trump denies deal on strai

The US-Iran military escalation in the Strait of Hormuz directly threatens oil and LNG tanker transit through the world's most important chokepoint. The channel is supply_shortage via logistics disruption: any sustained closure or increased insurance/war risk premiums would reduce effective supply of crude oil and LNG to global markets, particularly Asia and Europe. The impact is global but most acute for import-dependent countries (Japan, South Korea, India, China, EU). Iran's warning shots and US strikes signal no near-term de-escalation, keeping geopolitical risk premium elevated. The mechanism is similar to the 2019 Abqaiq-Khurais attacks and 2023-24 Houthi Red Sea disruptions, where supply-side fear drove spot prices higher despite no physical barrels lost.