Most global trade flows through these 27 chokepoints. The economic risks are rising, report says.

TL;DR

The Iran war has highlighted how disruptions in key shipping routes can affect American consumers, particularly through increased gasoline prices and inflation.
The Strait of Hormuz is a critical energy shipment artery, and disruptions there have caused global oil prices to surge.
A report by Oxford Economics identifies 27 major global chokepoints that could threaten the economy if shipping halts.
Asia, particularly the Strait of Malacca and the Taiwan Strait, and the Mediterranean Sea, including the Strait of Gibraltar and the Suez Canal, are dense with vital global trade routes.
Geopolitical disruptions, where countries leverage critical chokepoints, and climate change, leading to natural disasters, are major threats to global trade.
The Strait of Hormuz is particularly vulnerable as there are no alternative routes for energy supplies.
Rerouting vessels due to disruptions increases operational costs, such as higher wages and fuel prices, and can exacerbate supply and demand imbalances, leading to higher freight costs.

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