Russia and China have simultaneously used their veto power against a proposed UN Security Council resolution calling for immediate intervention to reopen the Strait of Hormuz and secure freedom of navigation. This decisive stance has sparked mixed, albeit predominantly concerned, international reactions, with several European and regional countries warning of the severe repercussions of this ongoing blockade on the stability of global energy supplies. Such a disruption threatens to trigger a new inflation crisis that could strike the core of the international economy and severely impact global supply chains.