The IMF’s chief, Kristalina Georgieva, is warning that potential U.S. military strikes on Iran could hurt the global economy—especially if Iran follows through on threats to block the Strait of Hormuz, a critical oil shipping route. Higher oil prices would ripple through markets, slowing growth worldwide.

Editor’s Note: When tensions flare in the Middle East, it’s not just a regional issue—it hits everyone’s wallet. A shutdown in the Strait of Hormuz would squeeze oil supplies, driving up prices for fuel and goods globally. The IMF’s warning is a heads-up: economic pain could spread far beyond the conflict zone.

Goldman Sachs is sounding the alarm that oil prices could skyrocket to $100 per barrel if tensions in the Strait of Hormuz—a critical global oil shipping route—escalate further. Meanwhile, oil prices dipped slightly after former President Trump called for lower prices, adding another layer of volatility to the market. The article also highlights background pieces on why the Strait matters and how recent geopolitical moves by Iran could disrupt global oil flows.

Editor’s Note: If the Strait of Hormuz gets shut down or even partially blocked, it’s not just oil traders who should worry—gas prices everywhere could spike, squeezing consumers and businesses. Trump’s comments show how political pressure can briefly sway markets, but the bigger risk is a full-blown supply crisis. This isn’t just about Wall Street; it’s about what you’ll pay at the pump next week.