US strikes military site Iran Donald Trump

The US strikes on an Iranian military site near the Strait of Hormuz directly threaten oil and LNG tanker transit through the world's most important chokepoint. This creates a supply disruption risk for crude oil and natural gas, affecting global energy prices. The channel is supply_shortage and logistics: any disruption to Strait of Hormuz transit would reduce available supply of crude and LNG, squeezing margins for refiners and increasing costs for net importers. The impact is global but most acute for Middle East producers and Asian/European importers. Iran is a major oil producer; any escalation could remove significant supply from the market.