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Gulf Shipping Crisis Fuels New Eurasian Corridors

Summary by Oil Price
Donald Trump and Bibi Netanyahu deserve thanks for boosting Eurasia connectivity after their attacks on Iran resulted in the collapse of ship traffic through the Strait of Hormuz. Unfortunately, the attacks may reduce real labor incomes by as much as US$3 trillion globally by 2027, according to the International Labour Organization.  The direct cost to the U.S. taxpayer for military operations is US$29 billion (so far) according to the Pentagon,…

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Oil Price broke the news in London, United Kingdom on Tuesday, May 26, 2026.
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