13 March 2026, London: Military tensions in West Asia are beginning to disrupt maritime traffic through the Strait of Hormuz, raising serious concerns for global energy markets, fertilizer supplies and vulnerable economies. In a rapid assessment titled “Strait of Hormuz disruptions: Implications for global trade and development,” UN Trade and Development (UNCTAD) has highlighted the potential risks posed by interruptions in one of the world’s most critical trade corridors.
The Strait of Hormuz carries nearly one quarter of global seaborne oil trade, along with large volumes of liquefied natural gas and fertilizers. Any disruption in this narrow passage therefore has immediate consequences for global energy prices, maritime transport costs and agricultural input supply chains.
CVD 