Disruption in Strait of Hormuz Causes Sharp Decline in Global Energy and Fertilizer Exports, UN Report Shows

A new analysis by the International Trade Centre (ITC), a multilateral agency, reveals that disruptions in the Strait of Hormuz have led to significant drops in global exports of energy, fertilizers, and industrial products, with natural gas exports plummeting by 95 percent. The report highlights the vulnerability of global trade to this critical maritime chokepoint.