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A Duke University study models the trade and economic impacts of closing any of 11 major marine chokepoints, including the Suez Canal, Panama Canal and Strait of Hormuz. It draws on the disruption caused by the 2021 Ever Given blockage of Suez.
The analysis is a scenario study with no new closure, so it has little direct price effect, though it highlights freight and supply-chain risk for grain and energy shipments.
phys.orgDuke UniversityDec 22, 2022Not 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.
