The conflict involving Iran has pushed the Strait of Hormuz to the center of the crisis. The war and the risk of further escalation make the situation highly unpredictable – and at the same time profoundly significant not only for Europe and the Nordic region, but for global trade as a whole.
For businesses and decision-makers, the Strait of Hormuz is not a distant geopolitical detail, but a concrete source of risk. Price volatility in energy and raw materials flowing through the strait has wide-reaching implications for supply chains, investment viability and geopolitical risk management.
In an in-depth analysis, Miltton’s Chief Economist Pasi Kuoppamäki examines what is currently happening in the Strait of Hormuz, how movements in oil prices affect different sectors, and what potential scenarios economists see unfolding in the near future.
