The United States has escalated tensions by enforcing a full naval blockade of the Strait of Hormuz, with Donald Trump calling it a major strategic win. Trump claimed that 158 Iranian vessels were destroyed and warned of immediate action against any ship entering the zone. Iran has issued a strong retaliation warning, vowing to respond firmly. The blockade has triggered a global economic shock-fuel, transport, and food prices are surging, inflation is rising, and global growth is projected to dip below 2%, raising fears of a worldwide recession even as backchannel talks continue.