According to a report released by the Bank for International Settlements (BIS) on June 28, the closure of the Strait of Hormuz triggered a crisis in energy and commodity supply, posing a persistent threat to the global economic outlook. Although recent geopolitical tensions have eased and oil prices have fallen sharply, the impact of the shock may persist. The BIS stated that while current geopolitical risks have moderated, supply bottlenecks may continue to constrain production and put pressure on global capital expenditure momentum.