Hormuz's Shadow on Global Trade The recent escalation of tensions in the Strait of Hormuz has exposed a little noticed consequence of the Iran US standoff: the vulnerability of global liquefied petroleum gas (LPG) trade.
The Middle East's main energy bottleneck remains under pressure, and the ripple effect is being felt across international supply chains.
For decades, the Gulf region has been the epicenter of LPG exports, with Saudi Arabia, the United Arab Emirates, and Qatar among its top suppliers. However, rising US exports have challenged this traditional dominance.