Amazon delays, rising prices and stranded tankers: How the Hormuz shutdown is already hitting consumers
Around 20 per cent of the world’s seaborne oil flows through the Strait of Hormuz, making it vital to global energy supplies and trade linked to Dubai’s Jebel Ali Port.
Shipping giants including Maersk and CMA CGM have halted transits after strikes on Iran, creating an unprecedented freeze in the strait.
……Read full article on Malay Mail Online - Money
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