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The Oxford Martin School presents the same study, reporting that disruptions at 24 maritime chokepoints affect about $192 billion of trade annually. It estimates losses of roughly $14 billion a year, with the largest impacts on Egypt, Yemen, Iraq and Panama.
The research shows that narrow sea lanes carry concentrated trade risk, which can keep freight and insurance costs structurally higher. It describes no new event, so immediate effects on feed markets are minimal.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.