Escalating military tensions in the Middle East, marked by Israel’s confirmed strike on Iran’s key southern petrochemical hub at the port of Assaluyeh, has sent shockwaves through global energy and financial markets, triggering a fresh wave of volatility and prompting nations around the world to implement emergency energy security measures. As of Tuesday, the conflict’s economic ripple effects have already been felt across every major region, with energy prices and supply chains at the top of the disruption.