How a Trump Strait of Hormuz blockade could hit the global economy
A prolonged US blockade of one of the world’s most critical maritime chokepoints threatens to send fresh shocks through energy markets and supply chains, raising new risks and costs for economies far beyond the Gulf.
By Sanjoy Paul, University of Technology Sydney
For weeks, the global economy has been fixated on a single question: when will the Strait of Hormuz fully reopen? Following Iran’s war with Israel and the United States, Tehran has in effect shut the narrow passage, a route that normally carries about one-fifth of…