The ongoing conflict in Iran, particularly the shutdown of the Strait of Hormuz, is causing significant disruptions to global oil supply and economic stability. As shipping traffic slows to a crawl, international trade is threatened, and oil prices have surged, with WTI crude hitting $81 a barrel. The crisis has already begun to affect small businesses in the U.S. and is expected to increase fuel costs for consumers, prompting fears of a broader economic shock. Meanwhile, tensions escalate as Iran’s Revolutionary Guards warn that passage through the strait is no longer allowed, raising concerns over shipping safety and the potential for further conflict. Analysts suggest that the escalation could result in the largest oil supply disruption in history, with gas prices in various states already showing noticeable increases. As countries assess the economic implications of the Iran crisis, experts warn that the U.S. may face further gasoline price hikes, while international energy markets remain highly volatile.