Gulf Trade Exposure Index reveals global economic vulnerability to Hormuz Strait closure

Just read about how a Hormuz Strait closure exposes major economies. Countries like South Korea, Japan, and China heavily rely on Gulf oil and gas-Pakistan gets nearly 80% of its fuel from there, rating 'Critical'. It's not just fuel; Gulf states are top fertilizer exporters too. Malawi depends 61.3% on Gulf fertilizers, and India imports $2.76 billion worth annually. Smaller, poorer nations face the biggest risk from supply disruptions and price spikes, while larger economies might weather it with reserves. Really shows how interconnected and fragile global supply chains are. https://www.thenationalnews.com/news/2026/04/20/gulf-trade-exposure-index-nations-at-greatest-risk-from-hormuz-strait-closure/