🗞️🚀Geopolitics and local weather have emerged as the 2 wildcards impacting the world’s busiest commerce chokepoints, i.e. the Suez and Panama Canals. Every day shipments by means of the Suez Canal within the Crimson Sea have dropped by 50% since January 2024, whereas Panama Canal transit restrictions have led to a 32% decline since October 2023. What has been the impression of such disruptions to international vitality commerce since 2023?
Will such occasions contribute to rise in vitality costs, and what will they imply for the longer term provide of vitality commodities?
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Geopolitics and Local weather Shifts: Canal Disruptions and the Emergence of New Power Commerce Routes
