A near-total shutoff of oil and gas out of the Middle East has occurred due to the Iran War.

The blocking of the Strait of Hormuz will cause an enormous increase in the price of energy, oil, and gas, with knock-on impacts on food and fertilizer prices.

The US attack on Iran has cut off 50-60% of China's energy needs from the Middle East and caused Europe to lose Middle East oil, creating strategic vulnerabilities and forcing the world to look to America for energy.

The Iran War has caused the price of oil and natural gas to soar.

Iran has been threatening to cut off the supply of oil through the Strait of Hormuz region.

Iran closed the Strait of Hormuz, blocking oil tankers, while Israel launched a sprawling attack on Lebanon.