Greek Minister Warns Hormuz Blockade Risks Global Trade
A Hormuz blockade could trigger the worst global trade disruption in decades, and right now, Greece’s shipping minister is sounding the alarm bells. Tensions between Iran and Israel have escalated to such dangerous levels that officials are openly discussing devastating shipping industry impact and oil supply volatility that would shake the entire world economy. Also Read: BRICS: US Bank Exec Warns Exporters Are Rejecting the US Dollar Understanding Hormuz Blockade Risks: Global Trade, Oil Supply, Shipping & Geopolitical Volatility Minister Issues Stark Hormuz Blockade Warning About Economic Catastrophe Source: Lloyd’s List Vassilis Kikilias has made a pretty serious appeal to the dangers of a Hormuz blockade in a recent interview to SKAI TV and to be frank his cue is not something one should ignore since he is a really cogent person and well versed with the terms of world economics. The Greek shipping minister articulated the impact such a scenario would cause to the global...