Immediate Answer: The global economy is facing a critical energy shock as two of the world’s most vital maritime chokepoints: the Strait of Hormuz and the Bab el-Mandeb: are simultaneously disrupted. With Hormuz closed for nine days due to US-Iran conflict and Bab el-Mandeb blocked to Saudi shipping by Houthi rebels, Brent crude has surged past $90 per barrel, threatening global supply chains and household stability. What Happened: The world is facing an unprecedented energy
