“The escalation is less about a physical closure of the Strait of Hormuz than about the strategic weaponisation of risk. Iranian actions against ships and infrastructure in and around the Strait of Hormuz have triggered spikes in insurance premiums and a near stoppage of vessel movements that usually account for 20% of global oil and gas supplies. The maritime transport chokepoint is a powerful geopolitical lever. The longer the perceived risk remains high, the worse the consequences for the global economy will be. This mirrors patterns seen in the Red Sea and Black Sea, where geographical constraints and limited alternatives for rerouting or switching of transport mode allow coercive acts to generate disproportionate supply chain consequences.”

Authors

• Person: Not available Organization: ISPI
  The Expanding Iran War - ISPI

Sources

• The Expanding Iran War - ISPI www.ispionline.it ISPI via serper

Referenced by nodes (3)

• Black Sea location
• Strait of Hormuz location
• Red Sea location