At the narrow passage where roughly a third of the world's seaborne oil has long flowed, commerce has slowed to a trickle. Ten vessels a day now move through the Strait of Hormuz — a figure that speaks not merely to military escalation between Washington and Tehran, but to the fragility of the global systems built atop such chokepoints. Qatar's Foreign Ministry has given this fragility a name: industrial catastrophe, a warning that carries the weight of a nation watching its neighborhood, and the world's supply chains, come undone.