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

Written by The Conversation

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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