Middle East Conflict Disrupts Global Supply Chains, Driving Up Shipping Costs for Importers

For anyone involved in the import business, the conflict in the Middle East is having an economic impact. The war has negatively affected the maritime supply chain.

As the war, which began after the US and Israel jointly attacked Iran, enters its third week, the effective closure of the strategic 'Strait of Hormuz' for shipping has caused turmoil not only in the oil and gas industries but also in global transport via container ships, the symbol of worldwide trade.