The conflict in Iran has disrupted energy and commodity markets. Iran has effectively closed the narrow strait of Hormuz, a vital oil transit point, attacking more than a dozen ships over the past two weeks that have tried to sail through the waterway.
Authors
- Gokcay Balci
Lecturer in Sustainable Freight Transport and Logistics, University of Leeds
- Ebru Surucu-Balci
Assistant Professor in Circular Supply Chains, University of Bradford
Donald Trump has been pressing US allies in Europe to help secure the strait, warning on March 15 that it will be “very bad for the future of Nato” if they do not support American efforts to reopen Hormuz. But Iran has vowed to keep…