Iran is blocking oil tankers from passing through the Strait of Hormuz. Consumers around the world are already seeing higher gas prices as a result, but the global oil supply affects so much more than just prices at the pump. Soon, shoppers could see higher prices on food, clothes, e-commerce, and everything in between. The Atlantic staff writer Rogé Karma explains that a healthy economy could probably weather an oil shock like this. A weaker economy, however, such as the one the United States has now, could slip into a recession. Get more from your favorite Atlantic voices when you subscribe. You’ll enjoy unlimited access to Pulitzer-winning journalism, from clear-eyed analysis and insight on breaking news to fascinating explorations of our world. Atlantic subscribers also get access to exclusive subscriber audio in Apple Podcasts. Subscribe today at TheAtlantic.com/Listener. Learn more about your ad choices. Visit megaphone.fm/adchoices