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Iran's new Supreme Leader has declared that the Strait of Hormuz will remain closed, indefinitely blocking a critical artery for global energy and maritime trade. This move threatens to trigger a massive spike in logistics costs and significant inflationary pressure on e-commerce supply chains worldwide.
Geopolitical conflict in Iran has triggered a sharp spike in crude oil prices, touching $120 per barrel and causing a broad sell-off on Wall Street. For the e-commerce and retail sectors, this surge threatens to increase logistics costs and dampen consumer discretionary spending.
The national average gas price has climbed to $3.25 per gallon as ongoing US military strikes in Iran create volatility in global energy markets. For the e-commerce sector, this surge threatens to increase last-mile delivery costs and dampen consumer discretionary spending during a critical period.