Strait Of Hormuz: Surging Energy Prices Are Only The Start Of The Pain

Closure of the Strait of Hormuz threatens global supply chains, extending beyond energy to food, plastics and other industrial inputs. Rising oil and natural gas prices are elevating input costs and inflationary pressure while consumers — facing declining savings and increased reliance on credit — amplify downside risks to demand and financial stability.

Analysis

Closure of the Strait of Hormuz threatens global supply chains, extending beyond energy to food, plastics and other industrial inputs. Rising oil and natural gas prices are elevating input costs and inflationary pressure while consumers — facing declining savings and increased reliance on credit — amplify downside risks to demand and financial stability.