Oil is already reacting. Prices have pushed above $100 per barrel as tensions rise between the U.S., Israel, and Iran, with the Strait of Hormuz reportedly shut - a key route for global oil supply. Trump claimed, “We won. It was over in the first hour.” But economists warn the real risk may come next. If the conflict drags on and oil climbs toward $150–$200, the world could face another major inflation shock.