Trump’s Strait of Hormuz blockade risks new costs for the global economy

China stands to be impacted first, as the main buyer of Iran’s crude oil. But if the blockade drags on, its knock-on effects could impact the whole world.

Anadolu/Getty For weeks now, the world economy has been on tenterhooks, waiting for one outcome: reopening the Strait of Hormuz. In response to war with Israel and the United States, Iran has effec…

Originally published by The Conversation Africa. Read the full article →