Energy Expert Warns of Strait Blockages Risks
Energy expert Hashem Aql warned that disrupting navigation in the Strait of Hormuz and the Bab el-Mandeb could trigger one of the biggest shocks to global trade and energy. He explained that ongoing interruptions in supplies through these two straits, which handle a significant portion of Europe's and Asia's trade, could have substantial impacts on the Suez Canal and ports in the Red Sea, threatening global supply chains. He also pointed out that relying on the Cape of Good Hope route as an alternative would increase transportation costs and lengthen voyage times, putting additional pressure on energy markets and international trade.
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