The Strait of Hormuz crisis isn't just another headline about Middle East tensions. Ship transits through the waterway have collapsed by 95% since late February 2026, choking off a quarter of the world's seaborne oil trade and a fifth of global liquefied natural gas. Fertilizer prices have spiked 50%, freight costs have surged, and global merchandise trade growth is projected to decelerate from 4.7% in...