We will soon feel what is happening in the Strait of Hormuz at the pump and in the supermarket: these are the consequences of the war in Iran for the Belgian consumer

It is thousands of kilometers from our bed, but we will soon feel what is happening in the Strait of Hormuz at the pump and in the supermarket. Iran has been threatening to close the narrow sea passage between the Persian Gulf and the Gulf of Oman for years and is already causing tanker shipping companies to suspend their sailings or take long detours. Economist Peter Vanden Houte (ING) outlines why a blockade of Hormuz is the real disaster scenario for our wallets.

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