Live: The Latest: Global energy concerns mount as Iran threats stop cargo through the Strait of Hormuz - The Seattle Times

Threats and reported attacks that disrupted maritime trade have already pushed oil prices sharply higher, reflecting elevated transit risks and tighter supplies. The new analysis warns that those price shocks will spread to Western markets and force noticeable changes in consumer and business behavior — reduced travel, commuting and spending — before any durable easing occurs. That reinforces the view that the conflict is now a global economic test of endurance.