Tensions escalate around the Strait of Hormuz, leading the U.S. to appeal to China for intervention to prevent a potential closure of the critical maritime trade route.
U.S. military operations target Iranian nuclear facilities, prompting Iranian parliament to consider closing the Strait, causing Brent crude oil prices to surge above $81 per barrel.
Concerns from major financial institutions like the IMF and ECB arise over disruptions to international trade flows and potential spikes in oil prices, threatening global economic stability.
Amid geopolitical tensions, the European Maritime Awareness in the Strait of Hormuz (EMASoH) increases surveillance efforts, while investors turn to cryptocurrency assets like Neo Pepe Coin as a financial alternative.