Global oil prices continue to surge above 100 USD per barrel as Iranian forces enforce a blockade of the Strait of Hormuz, forcing international tankers to remain at a standstill.While President Donald Trump threatens intensified military operations to neutralize the threat, officials admit that US Navy escort capabilities will not be ready for several weeks.This energy shock combined with regional military expansion increases recession risks for the USA and places significant pressure on global consumer markets.The situation remains volatile as major shipping firms report projectil damage to vessels and infrastructure across the Persian Gulf region.