Middle East Conflict Triggers Global Supply Chain Crisis
The closure of the Strait of Hormuz has driven Brent crude toward $120/barrel, creating a supply-driven inflation shock that extends beyond energy to agricultural commodities. Grain futures are surging with soybeans nearing record levels, while the IMF warns of global growth slowing to 3.1% in 2026.
This represents a fundamental shift from demand-driven to supply-constrained global economics, forcing central banks to choose between fighting inflation or supporting growth amid critical chokepoint disruptions.
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