Could the Iran crisis reshape global supply chains again? When distant conflicts reach the Philippine economy - BusinessWorld Online

Could the Iran crisis reshape global supply chains again? When distant conflicts reach the Philippine economy - BusinessWorld Online

By Cesar Polvorosa, Jr. (Part 2) The Strait of Hormuz is only one of several maritime chokepoints that sustain the modern global economy. The Bab-el-Mandeb linking the Red Sea and Gulf of Aden is also of urgent concern. Energy shipments moving from the Middle East to East Asia must also pass through the Strait of Malacca and the South China Sea before reaching major manufacturing hubs and consumer markets. The Suez Canal is the vital channel bet…