AdvertisementWar and conflictOpinionWorld OpinionAlbert BakhtizinOpinionHormuz crisis underlines vulnerability of global trade chokepointsThose with narrow trade structures are hit the hardest but those with broad networks of partners, such as China, tend to be more resilient
3-MIN READ3-MINAlbert BakhtizinPublished: 8:30pm, 22 Mar 2026War in Iran disrupting established trade flows raises an important question: how serious could the consequences be, and for whom will they be most severe?To answer this, it is useful to look at history. During the fifth and fourth centuries BC, Athens, a major centre, depended heavily on grain imports. Whenever routes were blocked during wars, Athens almost immediately faced the threat of a food crisis. In the Middle Ages, Venice became one of Europe’s richest cities and a crucial hub linking European and eastern trade. When wars disrupted routes, the effects were felt almost instantly in the Venetian economy.
For centuries, trade between China and Europ..