IAE: Iran War Undermines Confidence in Strait of Hormuz - Asharq Al-Awsat English

The Iran war has disrupted the supply of bunker fuel due to the closure of the Strait of Hormuz, causing difficulties in global maritime transport. This could lead to rising shipping costs, increased consumer prices, and reduced corporate profits, particularly impacting Asia. The surge in bunker fuel prices also poses a negative impact on global supply chains.