A prolonged closure of the Strait of Hormuz, one of the world’s most important oil shipping routes, could severely disrupt global supply chains and destabilize energy markets, potentially leading to far-reaching economic impacts, according to a new study conducted by the Supply Chain Intelligence Institute Austria (ASCII) in collaboration with the Complexity Science Hub (CSH) and TU Delft.
Potential Strait of Hormuz blockade could disrupt global supply chains, study finds
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