EU–Mercosur trade slows — Iran war and Strait of Hormuz disruptions to blame

Early data following the entry into force of the EU–Mercosur trade deal show no sign of the feared flood of cheap South American food into European markets. This year's trade figures have been significantly disrupted by the war involving Iran and shipping difficulties through the Strait of Hormuz. The logistical disruptions make it difficult to assess the deal's true impact at this stage.