The fact global shipping now treats “possible closure of the Strait of Hormuz” as something that can be worked around is honestly kind of insane on its own.
The fact global shipping now treats “possible closure of the Strait of Hormuz” as something that can be worked around is honestly kind of insane on its own.
This is a really shoddily written article. Bad. Basically he’s saying that fuel costs will remain high and from a business standpoint the risk doesn’t go to zero just because Trump says everything is rainbows. Therefore shipping faces increased costs, which raises prices for consumers, which hurts demand, which lowers shipping volume. And that systemic slowdown doesn’t disappear overnight because Trump says yippee.
I think. If the article weren’t total shit, maybe it would be clearer.