It's Not Just Ormuz, Suez Hits the Economy Harder.

El Financiero

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For days, the focus of the economic analysis of the conflict with Iran has been placed in the Strait of Ormuz. It is natural: it is one of the most sensitive steps for the world's oil and gas trade. It has been said insistently that at least 20 percent of the crude oil traded in the world and a similar percentage of LNG gas were passing through that area.Any threat on that route ignites energy markets and triggers speculations about prices, infl…