Strait of Hormuz Disruption Tests Global Trade Resilience
AI summaryIran's closure of the Strait of Hormuz has sparked comparisons with COVID-19 and tariff-driven supply chain shocks, with the IEA warning of the largest energy supply loss on record. Analysts say the crisis underscores vulnerabilities to concentrated transport corridors and is accelerating shifts toward diversified sourcing and 'just-in-case' inventory strategies.