Qorvis Intelligence: Middle East conflict puts a focus on Africa 

With the crisis in the Middle East, Africa is getting more attention from commodity traders as a platform for strategic diversification.  Despite Tuesday’s ceasefire, only a handful of ships passed through the Strait of Hormuz on Wednesday: Two bulk carriers—one Greek-owned, one Liberia-flagged—were confirmed, reports Qorvis’ Tom Sharpe. It also appears that three Chinese-owned ships and one US-sanctioned Iranian oil tanker, the Tour 2, passed through. This low volume can be attributed to uncertainty around safe passage in the Strait, compounded by doubts about the strength of the ceasefire, Sharpe says.  In the long term, uncertainty in the Middle East may boost interest in Africa, particularly across critical minerals, energy, fertilizers, trade corridors, and trade

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Qorvis Intelligence: Strait of Hormuz, Russia sanctions, and Chile’s new government

Oil and gas prices continue to rise in the second week of the conflict as Iran attacks ships in the Strait of Hormuz and concerns grow over Red Sea shipping. The European Union shows no interest in joining the U.S.’s loosening of Russian fuel sanctions. As for Chile, the country inaugurated a new government this week, which could impact global copper and lithium prices. Disruption in international energy markets brings opportunities for supply chain professionals who can

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