Strait of Hormuz disruption hits energy, fertilizer and industrial trade

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Disruption in the Strait of Hormuz has caused sharp declines in exports of energy, fertilizers, and industrial products, with natural gas exports dropping by 95%. This highlights the vulnerability of global trade dependent on this critical maritime chokepoint.

Disruption in the Strait of Hormuz has exposed the vulnerability of global trade to a single maritime chokepoint, with early data showing sharp falls in exports of energy, fertilizers and industrial products. Exports of natural gas dropped by a staggering 95 per cent. The finding comes in analysis published by the International Trade Centre (ITC), ...