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Al Jazeera
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Strait of Hormuz: The Single Point of Failure for Global Production
The Strait of Hormuz is not merely a critical oil transit route – it is described as the single point of failure for the entire globalised production system. A blockage of this strategic waterway could paralyse world trade on an unprecedented scale. The article examines the geopolitical and economic significance of the strait.
It is the single point of failure of globalised production.