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A Middle East Monitor commentary asks whether the Strait of Hormuz could become a US equivalent of the Suez crisis. The piece frames the question around regional tensions over the strait.
Any real threat to Hormuz shipping would lift crude oil prices and freight costs, which feed into feed input costs, but this is commentary rather than a confirmed event.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.