Iran Conflict Threatens Global Supply Chains and America’s Economic Security

The conflict in Iran has morphed from a regional flashpoint into a major disruption of global trade routes that ultimately endanger American economic security. While much attention focuses on oil tankers stalled in the Strait of Hormuz—a critical artery for nearly 20% of the world’s oil—the ripple effects extend far beyond energy markets.Supply chains for essential goods like pharmaceuticals from India, semiconductors from Asia, and crucial agricultural inputs such as nitrogen-based fertilizers are choking under this crisis. Ships lie stranded in the Persian Gulf or face costly detours around Africa’s Cape of Good Hope, adding unnecessary time and expense. Meanwhile,...