Supply-side shock stuns central banks
The partial closure of the Strait of Hormuz raises fresh challenges for central bank policy-makers
Iran’s decision to lash out at its Gulf neighbours, attacking their key infrastructure and restricting shipping through the Strait of Hormuz following Israel and the US’s strikes on the country that has resulted in 40 of its top leaders being killed, came as no surprise to seasoned Middle East experts. Securing a stranglehold over energy and hydrocarbon-linked product flows gives the Iranian regime leverage to push back against its far stronger military adversaries.
The developments have had a
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