Few geographical locations illustrate the fragility of global trade as clearly as the Strait of Hormuz. This narrow maritime corridor has become one of the most strategic arteries of the global economy, carrying roughly a quarter of the world’s seaborne oil trade along with significant flows of liquefied natural gas and fertilizers. Any disruption here reverberates across continents, influencing everything from shipping costs to the price of bread in distant markets. Recent tensions in the region have sharply disrupted maritime activity, tri
Few geographical locations illustrate the fragility of global trade as clearly as the Strait of Hormuz. This narrow maritime corridor has become one of the most strategic arteries of the global economy, carrying roughly a quarter of the world’s seaborne oil trade along with significant flows of liquefied natural gas and fertilizers. Any disruption here reverberates across continents, influencing everything from shipping costs to the price of bread in distant markets. Recent tensions in the region have sharply disrupted maritime activity, tri