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The Times

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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