Strait of Hormuz Impasse: A New Normal for Global Trade?
The recent comments from Iranian parliament speaker Mohammad Bagher Ghalibaf regarding the closure of the Strait of Hormuz have sent shockwaves through global markets and diplomatic circles.
The statement is not just about Iran asserting its dominance in the region; it's also a reflection of a broader trend where nations are increasingly willing to disrupt global supply chains to achieve their objectives.