Explained in plain English
Global trade routes
The Strait of Hormuz is a vital shipping lane for a huge amount of the world's oil. When traffic is low due to tensions, it creates uncertainty for global energy supplies. The attacks in the Red Sea also threaten key trade routes, potentially disrupting global supply chains and raising shipping costs.
Stories that explain this
Oil prices drop 4% as US-Iran pause, but one threat remainsThis explainer came from a news story
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