Source: International Business Times
AFP The disruption of shipping and energy flows through the Strait of Hormuz is escalating pressure on the global economy. Rising oil prices, strained trade routes and volatile markets are compounding inflationary pressures worldwide, leaving businesses and consumers navigating mounting uncertainty. The Strait of Hormuz, a narrow waterway through which roughly 20–25 % of global seaborne oil and a significant portion of liquefied natural gas (LNG) normally transit, remains effectively blocked amid the intensifying Middle East conflict, extending the economic fallout far beyond the region.
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