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How the Hormuz crisis is reshaping global trade

Commercial shipping had only just begun returning to the Strait of Hormuz after a memorandum of understanding signed between the US and Iran in mid-June raised hopes of de-escalation. But those hopes have now evaporated with the return of direct military confrontation, reigniting fears about the world's most important energy chokepoint. For governments and businesses, the question is no longer only when conditions in Hormuz will normalise. It is whether the crisis marks a lasting shift in how countries and companies think about energy security, shipping and global supply chains. That question remains top of mind for trading experts based in commodities hub Geneva and beyond. Energy markets, however, have so far proved more resilient than many expected. “We got it wrong,” Neil Atkinson, senior fellow at the Washington-based National Center for Energy Analytics and former head of the oil division at the International Energy Agency, told Swissinfo. “We fell too much into the trap of ... Full story here Are you the author?
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Swissinfo
SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC). Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.
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