"US inflation rate hit 4.2 per cent in May – the highest level in three years" [4.2 per cent]
The article links a single strait closure to a three-year inflation high in the US, illustrating how tightly coupled global energy logistics are to geopolitical flashpoints. This generalizes beyond the Iran-US conflict: any future disruption at Hormuz, Malacca, or Bab-el-Mandeb carries similar inflationary transmission risk. The structural implication is that energy supply chain resilience is now a macroeconomic stability issue, not merely a logistics one.