Qalibaf Says US Has No Alternative but to Accept Iran Terms

The article reports heightened geopolitical tension between Iran and the US over the Strait of Hormuz, a critical chokepoint for ~20% of global oil transit. A blockade or disruption would directly impact crude oil and LNG supply, raising global energy prices and shipping costs. The UN warning about hunger suggests potential food supply chain impacts via higher fertilizer and transport costs. The commercial mechanism is primarily supply disruption risk for oil and gas, with secondary effects on food commodities. Impact is global but concentrated on energy-importing regions and EM economies.