The current "unstable switch" at the Strait of Hormuz has caused multi-layered tangible impacts on the global economy, mainly reflected in the following three aspects:

Energy and Price Shock

As a chokepoint for about 20% of the world's oil and natural gas transportation, the blockage of the strait directly leads to high volatility in international oil prices (temporarily hitting $100 per barrel), with Brent crude futures once jumping 13% in a single day. The surge in energy costs is passing down the industrial chain, increasing inflationary pressures on industrial production and residents' living costs.

Supply Chain and Trade Disruption

Facing high risks, global shipping giants like Maersk have suspended or rerouted their routes, forcing ships to detour around the Cape of Good Hope. This increases the voyage by about 40%, extends transportation time by 10 to 15 days, with ultra-large oil tankers' freight rates surpassing $53k per day, and insurance premiums soaring by 300%. This not only disrupts the rhythm of global logistics but also directly threatens the transportation of global fertilizers, potentially hampering spring planting and grain harvests in the Northern Hemisphere.

Financial Growth Pressure

The United Nations Conference on Trade and Development warns that such disruptions are intensifying global financial pressures. Due to rising costs and slowing trade, the global economic growth rate in 2026 could decline from 2.9% to 2.6%. Investor risk aversion has led to stock market pressures, weakening of emerging market currencies, and some developing countries facing dual crises of capital outflows and worsening food security.