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International shipping 'chaos' as Strait of Hormuz closure sends ripple effects across the globe
Around 90% of global goods are transported by sea. And while just approximately 5% of that travels directly through the Strait of Hormuz, Iran's effective closure of the key passage is having a ripple effect, disrupting trade routes world wide. FRANCE 24's Sharon Gaffney speaks with Ebru Surucu-Balci, Assistant Professor in Circular Supply Chains at the School of Management at the University of Bradford.
Around 90% of global goods are transported by sea. And while just approximately 5% of that travels directly through the Strait of Hormuz, Iran's effective closure of the key passage is having a ripple effect, disrupting trade routes world wide. FRANCE 24's Sharon Gaffney speaks with Ebru Surucu-Balci, Assistant Professor in Circular Supply Chains at the School of Management at the University of Bradford.
