Top 5 International Trade News Briefs – March 2, 2026
1. Strait of Hormuz Blockade Triggers Severe Shipping & Energy Disruptions Key Update: Iran’s full closure of the Strait of Hormuz—through which ~30% of the world’s seaborne oil flows—has halted most tanker traffic as of March 2, 2026. Brent crude surged over 8% to break $85/bbl in early trading, with some analysts warning of a
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