Crisis in the Strait of Hormuz is Hitting Colombian Companies Through Three Channels

Following President Trump's rejection of Iran's response to the U.S. peace proposal, the Strait of Hormuz crisis is escalating, potentially impacting Colombian companies through supply disruptions, rising energy costs, and financial market instability. The global rise in oil prices and disruptions to oil shipping routes could significantly burden the Colombian economy. UNCTAD analysis indicates that a substantial portion of global crude oil trade passes through the Strait of Hormuz, potentially affecting Colombian companies' supply chains.