Compared with other global chokepoints, the Strait of Hormuz provides the clearest and most consistent signal of global supply stress and of the stagflationary mix of lower growth, higher prices and tighter financial conditions, a study from the Bank for International Settlements has found.
In a working paper published on September 17, author Enisse Kharroubi notes that the waterway is one of the most critical chokepoints in global trade, facilitating the transit of more than 20% of the world’s
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