Global oil markets are facing heightened uncertainty as tensions in the Strait of Hormuz threaten both supply chains and financial stability.

The waterway, responsible for transporting nearly 20% of global oil, has become a focal point in the escalating standoff between the United States and Iran.

Donald Trump has warned Tehran to ensure the strait remains open, hinting at military intervention if disruptions continue.

At the same time, reports that Iran may be promoting yuan-based transactions are adding a new layer of complexity to the crisis.

Market analysts say the combination of supply risk and currency shifts could have far-reaching implications for global trade and investment.

Oil prices have already shown signs of volatility amid the uncertainty.