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Effects of the Iran-Israel war: the Strait of Hormuz crisis and its ripple effects on Uganda’s economy
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TowerPostNewsEffects of the Iran-Israel war: the Strait of Hormuz crisis and its ripple effects on Uganda’s economy
By Michael Jjingo Is the Iran-Israel war far away, and no effect? The unfolding conflict between Iran and Israel has rapidly evolved from a regional military confrontation into a full-scale global economic disruption. At the heart of this crisis lies the Strait of Hormuz, a narrow maritime corridor (about 27km) that carries nearly a fifth of the world’s oil and gas supply. Its effective closure has triggered a chain reaction across global supply…
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