A Wave of Inflation from the Trophic Base
by Alix Underwood
The United States and Iran are engaged in peace talks, and the Strait of Hormuz is at the top of the agenda. Meanwhile, the United Nations maritime agency is promoting an alternative route through the Strait. Several tankers have already used the new route, despite threats from Iran, which relies on the Strait as its main source of leverage. Traffic is still far below pre-war levels, and stability in the Strait depends on Israel ceasing its attacks in Lebanon.