The sea imposes its power on the economy: these are the hotspots capable of submitting global trade
The blockade of Ormuz and the problems in Bab-el-Mandeb and Panama show the planet's vulnerability to these strategic passages, with the capacity to trigger inflation and in which the pulse for global hegemony is played.
Over 80% of global merchandise trade is transported by sea. The Strait of Ormuz, a 30km-wide waterway, accounted for 20% of the world's oil consumption until February. A blockade of the strait could have a significant impact on the global economy, including reduced energy supply, increased fuel costs, and higher inflation. The disruption of maritime traffic through a strategic passage can have a substantial ripple effect.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
