LNG

Hormuz: a late warning for global trade
The Strait of Hormuz usually dominates headlines only when the Middle East turns volatile. Yet from a logistics and trade-structure perspective, Hormuz is not a “new shock” at all. It is a repeated reminder of a deeper weakness in globalization: too much of the world’s energy and strategic cargo still moves through too few gateways. That is the core argument running through the uploaded document, and it becomes even more compelling
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