Escalating Tensions in the Middle East Threaten Global Trade Routes and Energy Supplies
In 2021, an oil tanker flying the South Korean flag was seized by Iran in the Strait of Hormuz. (European News Agency) Ou Xiangyi/Editor [Sianel Ariannol/Adroddiad Cynhwysfawr]Container shipping companies are now avoiding the Red Sea, causing chaos in global trade routes. However, market analysts warn that if the conflict in the Middle East worsens, Iran […]
