The closure of the Strait of Hormuz has severely impacted the global energy supply, accounting for a significant portion of the world’s energy needs.
However, even if the waterway resumes operations immediately, the ripple effects on global supply chains will persist for an extended period, according to industry specialists in shipping and trade.
“The end of hostilities and cessation of bombardments merely marks the beginning of the logistical challenges,” noted Nils Haupt, senior director for corporate communications at Hapag-Lloyd, a leading German shipping company.
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