The world is watching screens waiting for news on the next round of US-Iran talks. Meanwhile the Strait of Hormuz - the narrow channel through which 20% of global oil flows - enters its second day under American naval blockade. And here is what makes the situation genuinely interesting: the blockade of Hormuz is not a blockade of Iran. It is a blockade of the entire world.

US-Iran negotiations in Pakistan collapsed, and now speculation mounts that a new round could happen in Turkey or Egypt. But while diplomats hunt for a venue, the American naval presence is already flexing. Vice President JD Vance calls Iranian conduct "economic terrorism" - a term Washington typically reserves for enemies it wants to delegitimize before domestic audiences.

Beijing called the blockade "dangerous and irresponsible" - and didn't stop there. A Chinese tanker sailed straight through Hormuz past the blockade, sending a message hard to misread: China has no intention of letting America decide who gets to sail international waters. When was the last time anyone so openly showed Washington the middle finger at sea? This isn't an incident. This is a geopolitical precedent.

In the middle of all the chaos, Italy suspended previously signed agreements with Israel. Quietly, without fanfare, but with a clear message. While most European countries act like they don't see what's happening, Rome just made a concrete cut. The question is whether this is the start of a trend or a one-off.

The UN warns of global economic catastrophe if the blockade continues. This isn't theory - oil powers transport, fertilizer, irrigation. When oil gets expensive, everything gets expensive. In the Balkans we know this better than most: every global crisis hits twice as hard here. Bread costs more, gas costs more, wages stay frozen.

While the big players measure strength around Hormuz, countries like ours sit on the margins and wait for judgment. Nobody asks us anything, but you will feel the consequences. If the blockade holds, fuel and food prices will jump here too - not as a possibility, but as a certainty. The question isn't whether, just how fast.