China has taken notice how the U.S. has depleted it's stockpile of high-tech munitions that will take two years to replace. Perfect time for China to invade Taiwan. If that happens, can you imagine the impact to the cost of computer chips? Taiwan produces 90% of the world's chips.
And what for? Iran still has access to 30 of its 33 missile sites along the Strait of Hormuz and retains roughly 70% of its prewar missile stockpile.