US Edition
The Five Strategic Navigational Routes on Which World Trade Depends: From Ormuz Stream to Malecca (Paper)
2 Articles
2 Articles
Iran's conflict has disturbed the energy and raw materials markets. Iran has effectively blocked the Ormuz Stream, a vital point of transition from the oil, attacking in the last three weeks ships that have tried to cross this navigational road. Donald Trump has put pressure on the US allies in Europe to help secure the beaches, warning on March 15, that it will be "very bad for the future NATO" if it will not support the American efforts to ope…
The world works thanks to a few water corridors. Imagine that the Strait of Ormuz is closed due to tensions in the Middle East: in a matter of hours, the price of oil could skyrocket by 20%. This is not a hypothetical scenario; it is a reality that often occurs on these narrow waterways, where most of the global trade passes through. These routes are real bottlenecks. A blockade on any one of them can cause energy, food and other goods prices to…
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