Longer transit times, missed sailings and sharply higher insurance premiums are now rippling across the region’s logistics chain, with wine, spirits and other time-sensitive goods acting as an early indicator of disruption that analysts say will eventually push up prices on shop shelves and restaurant tables.
The Strait of Hormuz has been largely shut since late February, when the US and Israeli war on Iran triggered a blockade that brought shipping through the waterway to a near standstill.
Advertisement
The narrow waterway between Iran and Oman is the only sea route out of the Persian Gulf and normally carries about a quarter of the world’s seaborne oil, along with a fifth of its liquefied natural gas.
A brief reopening earlier this month collapsed on Saturday, when Iran re-closed the strait in response to a US naval blockade of Iranian ports.

The strain is already visible at the logistics level.
Advertisement

Don't Miss:
-
Lululemon apologises for China event with actor beating Japanese drum on Great Wall
-
Poverty line a limited marker, Hong Kong minister says, as aid focus expands to carers
-
Greece unveils Parthenon’s facade whole for first time in 220 years
-
US, Iran sign peace deal; China’s C919 jets grounded for safety checks: SCMP’s 7 highlights
-
Dragon Boat Festival drums up a buzz as unsettled weather fails to dampen spirits

India’s Zojila Tunnel Shores up Defense Posture in Himalayas
The Government Knows the Problem but Life not Getting Better
Cambodian Cyber Tycoon and ‘Singapore Washing’