Why a second global shipping chokepoint could soon live up to its name as the ‘Gate of Tears’
- Written by Flavio Macau, Associate Dean - School of Business and Law, Edith Cowan University
Luke Dray/Stringer/GettyIf you’d never heard of the Strait of Hormuz before, you probably have by now. Iran’s effective closure of the waterway, which usually carries about 20% of the world’s oil and gas, has put severe pressure on the global economy.
Now, some analysts are warning a new flashpoint could emerge: the Bab el-Mandeb...
