Strait of Hormuz disruption hits energy, fertilizer and industrial trade

Disruption in the Strait of Hormuz has exposed the vulnerability of global trade to a single maritime chokepoint, with early data showing sharp falls in exports of energy, fertilizers and industrial products.

Exports of natural gas dropped by a staggering 95 per cent.

The finding comes in analysis published by the International Trade Centre (ITC), a multilateral agency that has a joint mandate with the World Trade Organization (WTO) and UN trade and development body UNCTAD.

Strait of Hormuz disruption hits energy, fertilizer and industrial trade | UN News

(source: UN News)

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