As the Bible and the news from the Strait of Hormuz tells us, our world is in dire straits
The most important traffic reports these days usually come from the Strait of Hormuz. “Traffic through the Strait of Hormuz dropped significantly over the weekend, The New York Times reported, “as a four-day exchange of…
Assessment
The Strait of Hormuz is a critical chokepoint for global oil shipments, and a sharp drop in traffic there signals that escalating military exchanges between Iran and the United States are disrupting commerce. The immediate risk is to energy markets and supply chains that depend on this waterway. Watch for whether shipping insurance rates spike or naval escorts are deployed, as those would indicate the disruption is becoming prolonged.