As of April 1, 2026, the world is navigating a difficult energy shock after the essential Strait of Hormuz was effectively closed to trade yesterday. The impact on the global economy is immediate, with nearly 20% of the world's oil supply halted and spot prices spiking above $100 per barrel. This sudden disruption is triggering fears of global stagflation, as inflation rises and growth stalls in Europe and Asia. Amidst this significant geopolitical tension, the space sector is preparing for a historical moment, with the NASA Artemis II mission’s four-person crew poised for the first manned deep-space journey in more than 50 years.

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