The US‑Israel war on Iran is disrupting global markets, energy flows, and trade routes, triggering a surge in oil prices and renewed fears of supply shortages. The Strait of Hormuz, a key oil trade route, has effectively come to a halt, driving up transport and other costs and raising the risk of renewed inflation worldwide.

China and India face particular exposure due to their reliance on Gulf oil, while Europe's shift to LNG has created new vulnerabilities. As major shipping lines reroute vessels and energy prices climb, analysts warn the conflict could test the resilience of global supply chains and expose how dependent the world remains on a handful of strategic chokepoints.

This video summary was created by AI from the original DW script. It was edited by a journalist before publication.