The Strait of Hormuz crisis is no longer just a Middle Eastern conflict — it is a global event. From Bangkok to Havana, from oil futures trading floors to Filipino government offices operating on shortened weeks, the war’s consequences are being felt in ways both dramatic and mundane. Trump’s willingness to publicly insult NATO allies while reportedly considering the occupation of Iranian territory suggests the conflict is far from reaching a diplomatic resolution. And with Iran threatening to expand its targeting to tourist sites worldwide, the risk of further escalation — intentional or accidental — looms large.
The coming days will be critical. Whether the diplomatic off-ramps exist, and whether any party is willing to take them, may determine how deep this crisis ultimately cuts.