Unknown / Black Swan

The threat by a former Iranian minister to sever submarine internet cables in the Straits of Hormuz and Bab Al-Mandab represents a significant Black Swan risk due to its potential to disrupt global financial transactions and stock markets. Such an action could lead to widespread economic instability, affecting international trade and communications. The geopolitical implications are profound, given the strategic importance of these waterways for global oil and goods transport. This development is unpredictable and could trigger cascading effects across multiple sectors, making it a high-risk scenario.