Iran has effectively closed the Strait of Hormuz to global trade, prompting the International Energy Agency to authorize a record release of 400 million barrels of oil to stabilize markets.Ongoing hostilities have expanded across the region, causing significant infrastructure damage and disrupting commercial aviation and energy production.Experts warn that a prolonged conflict may trigger global stagflation and negatively impact both the United States and the stability of the international economy.International leaders are currently evaluating military and diplomatic options to restore navigation and protect critical energy corridors from further Iranian attacks.