The Strait of Hormuz at the Heart of Global Trade
June 29, 2025
The Strait of Hormuz is a vital artery for global oil trade making any disruption a potential trigger for a global economic crisis.
The Strait of Hormuz is a vital artery for global oil trade making any disruption a potential trigger for a global economic crisis.
In early June, the 3rd United Nations Ocean Conference (UNOC 3) took place in Nice, France, jointly organized by France and Costa Rica.
In January 2025, Egypt approved the construction of a new port in Taba on the Red Sea, aiming to transform it into a regional maritime hub.
The USA and Ukraine signed a strategic agreement on the exploitation of Ukrainian mineral resources and the country’s reconstruction.
In May 2025, CMA-CGM signed a 30-year agreement with Syria’s transitional government to modernize and operate the port of Latakia.
The development of Darwin Port, managed by Chinese company Landbridge, is being reassessed amid rising tensions in Australia-China relations.
Mexico’s Interoceanic Corridor of the Isthmus of Tehuantepec, is a new rail and maritime route connecting the Pacific and Atlantic Oceans.
Vietnam has approved the construction of a high-speed railway linking Hai Phong to China, signaling a strategic rapprochement with Beijing.
The Indian Prime Minister appears determined to push forward once again with the India-Middle East-Europe Corridor (IMEC).
The EU is introducing a Competitiveness Compass to better address innovation challenges and strengthen its global standing.
