UNCTAD warns of rising energy and trade costs from Hormuz disruptions
after close1 source ↓written by the desknot a recommendation
- in daily ship
- 97% drop
- of crude oil
- 80%
According to UNCTAD, geopolitical tensions in the Strait of Hormuz have led to a 97% drop in daily ship transits, severely disrupting global maritime trade. This chokepoint handles 25% of global seaborne oil trade, raising energy supply risks, particularly for Asia, which relies on over 80% of crude oil and LNG flows through this route.
The implications for traders are significant, with rising energy prices and freight costs expected to impact supply chains and market dynamics. ⚓
Not investment advice. For informational purposes only.