The Strait of Hormuz quickly became a choke point for energy and chemicals trade from the Middle East after the US and Israel went to war with Iran. About a quarter of all seaborne oil and a fifth of liquified natural gas (LNG) has passed through this narrow passage between Iran and Oman in recent years.SEE MORE
The world's farmers face soaring fertiliser and fuel prices as the war in the Middle East escalates, leaving some scrambling for supplies as the spring planting season approaches.SEE MORE
Geopolitical tensions in the Middle East surged over the weekend. Multiple trading sources reported on February 28 that following U.S. and Israeli strikes against Iran, Tehran announced the closure of the Strait of Hormuz shipping lane. Several tanker owners and traders have suspended crude oil, fuel, and liquefied natural gas shipments through the strait.SEE MORE
The World Economic Forum (WEF) and consulting firm Kearney have released their 2026 annual report on global value chains, noting that global supply chains are undergoing profound restructuring driven simultaneously by geopolitical tensions, technological acceleration and economic volatility.SEE MORE
