in hormuz deadlock u s and iran refuse to back down

The deadlock between the US and Iran over the Strait of Hormuz directly threatens global oil supply, as approximately 20% of the world's oil passes through this chokepoint. The surge in oil prices above $107/barrel reflects immediate supply disruption risk. Gulf countries' threat to retaliate against Iranian attacks on energy facilities could escalate into a broader regional conflict, further squeezing supply. The impact is global but particularly acute for oil-importing emerging markets and the shipping/logistics sector. Winners: oil producers (higher prices). Losers: net oil importers, refiners, and shipping companies facing higher insurance and transit costs.