The ongoing conflict in Iran has disrupted shipping flows through the Strait of Hormuz, leading to dire economic warnings about potential shortages and rising prices. Despite these warnings, many European markets have remained surprisingly stable, with companies and investors showing a degree of complacency regarding the situation’s impact on supply chains.
This complacency is concerning because, while stockpiles have temporarily cushioned the blow, they will eventually run out. As oil inventories diminish, the cost of securing scarce re
Sources
theguardian.com
