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Trump’s Strait of Hormuz blockade risks new costs for the global economy

  • Written by: Sanjoy Paul, Associate Professor in Operations and Supply Chain Management, UTS Business School, University of Technology Sydney
Trump’s Strait of Hormuz blockade risks new costs for the global economyAnadolu/Getty

For weeks now, the world economy has been on tenterhooks, waiting for one outcome: reopening the Strait of Hormuz.

In response to war with Israel and the United States, Iran has effectively closed the narrow waterway, through which about a fifth of the world’s oil and gas normally passes.

Some ships have passed through the strait...

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