The US-Iran war is now squeezing two major shipping routes from Strait of Hormuz to the Red Sea — here’s why global trade could feel the impact
The ongoing US-Iran war is affecting vital maritime chokepoints, specifically the Strait of Hormuz and Bab el-Mandeb Strait. Shipping traffic has decreased significantly through Hormuz due to conflict, impacting global energy markets. The situation at Bab el-Mandeb has worsened after Houthi forces seized strategic Perim Island. Discussions between the US…
The Economic Times ·