As US-Iran strikes escalate around the Strait of Hormuz and nuclear sites, $90 oil and a strong dollar threaten Latin American economies. Analysis of energy

Hormuz crisis fallout: as Iran squeezes the Strait of Hormuz and Asia scrambles for energy, the shock is rewiring Latin America's oil and lithium map.

US strikes on southern Iran's ports are causing fuel shortages and pushing oil prices higher, with the Strait of Hormuz handling 20% of global oil supply.