Global Recession Threat Looms as Iran Conflict Escalates, Oil Prices Soar

• US-Israel actions against Iran raise Middle East oil supply disruption risk, potentially triggering global recession.
• Closure of Strait of Hormuz, a critical oil trade route, could lead to a global recession, according to experts.
• Iran's potential retaliation could push crude oil prices above $100 per barrel, impacting global markets.
• Strait of Hormuz handles one-third of world's seaborne crude oil exports, vital for China, India, Japan, South Korea.
• Countries may hoard oil if the strait closes, intensifying price competition; US Strategic Petroleum Reserve may not suffice.