Iran War’s Trade Fallout Likely to Spread Beyond Oil, Fertilizer

In a Law360 article examining the trade fallout from the war in Iran, Zack Hadzismajlovic said the economic disruption caused by the conflict could significantly strengthen the US negotiating position in global trade talks. The closure of the Strait of Hormuz has driven sharp increases in oil, gas and fertilizer prices, tightening supply chains and putting many economies on what Hadzismajlovic described as a “back foot.” He noted that countries heavily reliant on energy and liquefied natural gas shipments may find their bargaining power weakened as the war continues.