The Hormuz Shock

If the Strait of Hormuz remains effectively constrained, Asia will be facing its most serious test of energy security since the 1973 oil embargo. For decades, policymakers understood the vulnerability. Few believed

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Global Trade’s Hidden Bottleneck

by Our Economic Affairs Editor The annual Container Port Performance Index issued by the World Bank yesterday offers a blunt reminder of how fragile, yet indispensable, the global maritime system has become.

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