The Hormuz supply shock – beyond energy
The Middle East conflict has disrupted more than just energy exports. With the flow of goods through the Strait of Hormuz slowing to a mere trickle, the world’s supply chains, from fertilisers to chemicals, have been under strain, pushing up prices and weighing on global growth.
by Christine Arriola, Seung-Hee Koh, Catherine MacLeod, OECD Economics Department
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