The current situation is very dangerous. A global disruption in shipping would lead to an economic crisis that could start WW3 (imo).
Also the US and Europe would be pretty fucked since we depend on it much more.
China could still get resources from russia and is much more self sustained.
Also China and Russia want to break the us hegemony.
> the US and Europe would be pretty fucked since we depend on it much more. China could still get resources from russia and is much more self sustained
America would be fine. We have the Americas and Asia to trade with, and Iran can’t restrict those oceans in any meaningful way.
Europe, the Middle East, Africa and non-China Asia would get screwed.