UN Warns Hormuz Disruption Is Becoming a Global Trade Shock as Lebanon Crisis Deepens and Supply Chains Fray
The war triggered by the U.S.–Israeli assault on Iran is no longer only a military confrontation centered on missiles, oil sites and retaliatory strikes. It is now beginning to register as a broader systemic shock to global trade and development, with the United Nations warning that the disruption of shipping through the Strait of Hormuz is threatening energy flows, fertilizer supplies, food prices, humanitarian logistics and already fragile economies across several regions. Representational Map: Visegrad24 That was the central conclusion of a new assessment by UN Trade and Development (UNCTAD) , which described the Strait of Hormuz as one of the world’s most critical maritime chokepoints and warned that the near-halt in ship transits is sending ripple effects far beyond the Gulf. According to the UN analysis, the strait normally carries 38% of global seaborne crude oil trade, 29% of LPG, 19% of LNG, 19% of refined oil products, 13% of chemicals including fertilizers, 2.8% of co...