Orders by Iran to block the Strait of Hormuz are causing huge disruption to global supply chains.

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The volume of ships able to pass through the route - which a fifth of the world’s oil normally travels through - has dropped to just 8%.

Energy prices in Britain and beyond are already spiking as a result, even though the blockade is playing out thousands of kilometres away.

This crisis exposes the complexity of our supply chains and the extent to which they’ve become interconnected. But there’s still not enough safeguarding or risk mitigation to navigate these hopefully temporary upheavals. If geopolitical tensions become more........

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