Asia School of Business

Global Inquiry, Local Heart

Why Feb 28 Changes The Exposure CEOs and COOs Must Govern

Shardul Phadnis

The fighting in Iran and the Middle East is significant. What matters equally is what follows. About 20% of the global oil and liquified natural gas (LNG) traffic, representing about 7 8% of global energy supply, passes through the Strait of Hormuz, which lies to the south and west of Iran. That traffic has effectively stopped with Iran’s retaliatory missile strikes at the Emirati US allies across the Strait.