Office Fears Strait's Closure Could Disrupt Shipments

Office fears strait's closure could disrupt shipments

The possible closure of the Strait of Hormuz could increase transport costs and freight rates for Thailand, while also affecting inflation and exports to the Middle East, says the Trade Policy and Strategy Office (TPSO).

Russia warns of global impact from closure of Hormuz Strait

“Oil prices are set globally. If the Strait of Hormuz is closed, the United States will not be out of danger. No one is immune from a global oil crisis: prices at the pump will skyrocket,” Dmitriev warned on his personal X account. In the early hours of June 22, the United States launched a massive attack with bunker-busting bombs and cruise missiles on Iranian nuclear program facilities in Fordo, Natanz, and Isfahan, to prevent Iran from acquir…

The Al & Ivy (AI) Podcast, Episode 33: Hormuz Under Siege and Its Potential Global Impact

DWN’s innovative podcast series with AI hosts, Al and Ivy, presents the most topical subject of the week and discusses it in an easy to understand conversation from AI-generated personas. CLICK HERE TO LISTEN TO THIS WEEK’S PODCAST OR SCROLL DOWN AND CLICK ON THE YOUTUBE LINK….. In this week’s podcast, our dynamic AI duo – Al & Ivy – dive into the Strait of Hormuz, exploring its global energy role, Iran’s strategic risks, and the potential fall…