Most global trade flows through these 27 chokepoints. The economic risks are rising, report says.

The Iran war has underscored how disruptions to a key shipping route thousands of miles away can have a material impact on what American consumers pay at home for essentials like gasoline. The conflict, now nearing its six-month mark, has throttled traffic through the Strait of Hormuz, a key artery for global energy shipments, as strikes on commercial vessels raise concerns about the passageway’s safety. The slowdown has caused global oil prices to surge, pushing gasoline past $4 a gallon and fueling broader inflation. The U.S. and Iran have made multiple attempts to broker a peace deal, but talks have…