Strait of Hormuz: Trump's Threats and the Unraveling of Global Trade The ongoing tensions between the US and Iran have escalated significantly with President Trump's threat to destroy "bridge or power plant" for each ship fired upon in the Strait of Hormuz.
This stark reminder that the world is careening towards a new era of great power competition belies a more pressing concern: the fragility of global trade.
Brent North Sea crude prices have surged to nearly six week highs, fueling concerns about rising costs for consumers and industries alike.