Stayin’ Alive – Hormuz, Ships & Composites #205

Six days ago, the world looked a little different. And this is today’s world.

Six days ago, the world looked a little different. And this is today’s world:

1. The Strait of Hormuz - through which roughly a fifth of the world’s oil and LNG passes - is currently closed to shipping following the escalation of war in Iran.

Around 750 ships are caught in the backlog. Of these, only about 100 are container ships - yet these 100 ships, 10…