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Strait of Hormuz blockage, an “unprecedented freeze” on global maritime trade

Paris (France) - The blockage of the Strait of Hormuz constitutes an “unprecedented freeze” on global maritime trade, affecting everything from cosmetics and food products to pharmaceuticals, cars and precious marbles. While it primarily impacts petroleum products, it also threatens many other industrial sectors. Importance of the Strait of...

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Business

European fashion stocks decline amidst Middle East conflict

Madrid – Major European fashion companies are holding their breath, waiting to see how markets and their shares will evolve following the outbreak of the new military conflict between the US and Israel against Iran. The war has unleashed instability in the Persian Gulf region. This has been fraught with uncertainty since last Saturday, which...

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