US-Iran Stalemate Fuels Polycrisis in Energy and Alliances

The US-Iran confrontation has evolved into a polycrisis, disrupting 20% of global oil flows via the Strait of Hormuz and spiking prices above $100/bbl. This systemic shock amplifies economic fragmentation, strains alliances, and accelerates multipolar realignments as states hedge between powers. Corporations and governments now navigate volatility where energy security dictates geopolitical strategy.