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As the Iran war simmers, trade experts wonder if this conflict will reshape supply chains more than the pandemic. Companies are already rethinking strategies to future-proof revenues from other geopolitical risks.
Source
DW News
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The Iran war is pushing up jet fuel prices, forcing African airlines to raise ticket prices, cancel flights and rethink operations to stay financially viable.
A risk management analyst has spoken to FRANCE 24 about what it means, amid the ceasefire, if the Strait of Hormuz remains effectively closed. Paymon Azmoudeh is a senior consultant with the risk and compliance practice at Forward Global. He says he thinks the calculation on all sides is that going back to war is not in anyone's interest. He explained to us in Perspective what it means if the status quo continues with the ceasefire largely holding, but the economic impasse ongoing.
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Germany has confirmed that Russia will block flows of Kazakh oil to a vital refinery that supplies much of Berlin's energy needs from May 1.
