Strait of Hormuz: A Calculated Risk to UK Growth The UK economy's resilience has been a topic of much discussion in recent years, but internal modelling suggests that even optimistic forecasts may be overly optimistic.
According to sources close to the Treasury, the ongoing conflict in the Middle East will have a more profound impact on growth prospects than previously thought.
The Strait of Hormuz has long been a critical chokepoint for global trade. Its closure or disruption would particularly devastate the UK economy, given its significant reliance on oil and commodity imports.