Category: Uncategorized
-
Broader Implications Following the Closure of the Strait of Hormuz
About 20% of the world’s oil passes through a narrow waterway between Iran and Oman: the Strait of Hormuz. The current tension between the United States and Iran represents one of the clearest pathways to a stagflationary shock in the global economy. If the Strait of Hormuz is disrupted, global…
Real Socioeconomics 