The escalating standoff between the United States and Iran is raising concerns about a dual crisis affecting both global oil supply and the international financial system.

At the center of the tension is the Strait of Hormuz, a critical route for global energy shipments.

Donald Trump has warned that the United States may take action if Iran continues to threaten the flow of oil through the strait.

At the same time, reports of Iran encouraging non-dollar payments are fueling debate over the future of the petrodollar system.

Analysts say the combination of military pressure and financial shifts could have long-term consequences for global markets, particularly if tensions continue to escalate.