Iran & Nike, Inc.

Iran: Iran is part of a fragile truce with the United States and its potential reopening of the Strait of Hormuz is impacting crude oil prices. A prolonged war involving Iran could lead to inflationary pressures.

Nike, Inc.: Nike, Inc. slumped to a decade low after forecasting a surprise drop in its fourth-quarter sales.

Iran: Iran is a central party in the conflict, facing a naval blockade and economic sanctions from the United States. Its actions, including restricting the Strait of Hormuz, have caused major disruptions to global oil and gas supplies and its economy is being destroyed by the blockade.

Nike, Inc.: Nike acknowledges that materials related to oil have an impact on product costs, indicating potential price increases for its sneakers.