The provided sources detail a severe global energy and economic crisis in early 2026 triggered by a military conflict between the United States, Israel, and Iran. This war has led to a historic shutdown of the Strait of Hormuz, causing crude oil prices to spike toward $120 per barrel and forcing the International Energy Agency to coordinate a massive emergency oil reserve release. While the energy sector faces plummeting demand for jet fuel and massive production cuts, the broader market shows significant volatility as diplomatic mediators like Pakistan attempt to negotiate a ceasefire. Amidst these geopolitical tensions, major corporations like Levi Strauss & Co. are reporting strong financial growth and raising their yearly ...