tehran calls on brics members to condemn us israeli aggression on iran iranian fm

The article reports escalating geopolitical tensions involving Iran, the US, Israel, and Gulf states, with a specific mention of a US blockade in the Strait of Hormuz disrupting commercial shipping. This directly threatens global oil and LNG supply through the strait, a key chokepoint for about 20% of global oil transit. The conflict has already raised oil prices. The mechanism is supply disruption risk (Strait of Hormuz blockage) and geopolitical risk premium on crude and gas. Impact is global but especially acute for Asian and European importers reliant on Middle East oil and LNG. Winners: alternative oil producers (US shale, Russia), LNG exporters (US, Qatar). Losers: net oil importers, shipping lines exposed to Hormuz transit, refiners dependent on Middle East crude.