The escalating conflict between Iran, the US and Israel has taken a critical turn. The strait of Hormuz – one of the most important shipping routes for oil and gas – is facing significant disruption. The strait is the main route connecting Persian Gulf ports in Iran and some of the region’s other oil producers […] The post The oil price surge is just one symptom of a supply chain network that is not fit for this age of global tensions appeared first on Interaksyon.