As of , escalating geopolitical friction involving Iran has sent Brent Crude soaring past $120 per barrel, triggering immediate volatility across global equity markets. Financial analysts warn of a severe impact on the Strait of Hormuz, threatening nearly 20% of global liquefied natural gas and petroleum trade. Logistics giants are rerouting cargo around the Cape of Good Hope, leading to a projected 15% increase in shipping costs and significant supply chain delays for technology and energy-dependent sectors throughout Q4.