Iran has declared a complete blockade of the Strait of Hormuz, cutting off 20% of the world's oil transport lifeline.

The Japanese stock market opened and immediately collapsed, with the Nikkei 225 index futures plummeting by 4%, leaving the bulls powerless to respond, while the panic index soared, and funds rushed to sell off at any cost.

As a country that heavily relies on Middle Eastern crude oil, Japan is directly strangled at its economic lifeline, leading to a sharp increase in corporate costs and rampant inflation expectations.

The warning signals of a global supply chain break are evident; once the strait is blocked, oil prices will inevitably skyrocket, triggering a systematic risk explosion in the global financial market. The upcoming plunge has only just begun.