Iran's threat to strike back against a U.S. naval blockade has pushed the global economy to its most precarious moment in years
Peace talks over Iran's nuclear program have collapsed and Tehran is threatening retaliation against a U.S. naval blockade of the Strait of Hormuz. Oil prices have surged, food supply chains face compounding pressure, and financial markets are flashing warnings that the global economy, already stressed by tariff uncertainty, may be approaching its limits. The margin for diplomatic error is narrower than at any point in years.
