Major Shipping Nations Warn Global Trade is Fracturing Amid Conflicts and Trade Wars

Eighteen leading shipping nations have issued a joint warning that global trade is undergoing a 'structural shift' due to armed conflicts, trade wars, and extreme weather events. They highlight that shipping routes are increasingly becoming instruments of leverage and risk, with the closure of the Strait of Hormuz serving as a prime example of how regional conflicts can fragment the global economy and lead to higher costs for businesses and consumers.