Maritime Straits and the Global Economy
Maritime Straits and the Global Economy...
The crises the world is experiencing these days, starting from the Strait of Hormuz, have highlighted the importance of maritime straits and, in particular, the importance of maritime shipping. While there are alternatives like multimodal shipping, their maximum capacity is limited to 100 tons. For example, the Ukrainian Antonov, weighing 225 tons, can carry 400 tons but can only depart with a maximum weight of 625 tons. This doesn't include the transport of gas, which is needed daily. However, with conventional shipping, a single vessel can carry 65,000 tons of oil and gas, and there are temporary vessels that can transport 9,000 containers, totaling 185,000 tons. Therefore, maritime shipping is crucial for the planet's survival. The Strait of Hormuz, the Bab el-Mandeb Strait, the Suez Canal, and the Strait of Gibraltar are all vital straits.
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. Easy and guaranteed access, whether for crude oil or unprocessed raw materials... On the other hand, easy and necessary for their production, as they appear in Japan, China, and India on their way to Europe and the Middle East... Therefore, any impact on these straits means a decrease in the arrival of raw materials for manufacturing... and there are products in the markets where they are sold... Consequently, the world anticipates rising prices and inflation... and a decrease in the well-being of those who read about this... and that any military action that closes one of these straits... affects the whole world... because the average European, for example, with a low savings rate, postpones their annual vacation plans to one of the Middle Eastern or East Asian countries... which affects tourism and aviation... and consequently, the tourism and aviation sectors are harmed, and few earners... and the increase in the number of routes in the straits increases maritime shipping costs and increases insurance premiums... and this increase is ultimately borne by the producer... and consequently, political actions and Diplomacy and offering advice when the situation stabilizes are close to it, and the military influence on these troublemakers is unavoidable...because the preferred approach to these troublemakers, if it were to cease, would cost the world even more money.
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