Iran conflict disrupts oil supply; Strait of Hormuz risk spikes crude prices

U.S.-Israel strikes on Iran triggered counterattacks and heightened closure risk at the Strait of Hormuz, which handles 20% of global oil. Iran supplies 4% of world crude (80% to China). Traders should watch WTI/Brent for continued volatility and risk-off flows into gold, with equity indices vulnerable to energy-driven inflation fears.