Background Information: ​Geopolitical disputes in the Middle East have long played a critical role in shaping global economic conditions, particularly through their impact on the highly dependable oil markets. Iran, as a major oil producer and a key player in the Strait of Hormuz , through which roughly 20% of the world’s oil supply passes, wields significant influence over global oil prices. Historically, disruptions in this region have led to spikes in energy costs, notably gas prices,...