The escalation of the US-Iran situation impacts the global market through energy and supply chain shocks. Geopolitical tensions drive up oil premiums, and a blockade of the Strait of Hormuz could disrupt 20% of global oil transportation, intensifying supply shortage risks. Iran, as China's main source of methanol imports (accounting for 6.42%), may impact the chemical supply chain amid the conflict. Meanwhile, risk aversion sentiment has pushed gold and silver prices to record highs, with risks spilling over into the metals market. The US has imposed an additional 25% tariff on Iran and increased military deployment, further amplifying market volatility expectations.