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Mario Nawfal, founder & CEO at IBC Group, highlights countries most vulnerable if the Strait of Hormuz is closed to shipping.
Nawfal notes that Eritrea, Madagascar, Pakistan, and Japan are among those with the highest dependence on the strait for energy supply, citing exposure rates of 91% for Eritrea, 89% for Madagascar, 78% for Pakistan, and 77% for Japan. He adds that Taiwan, South Korea, India, and China are also significantly exposed. Nawfal suggests a blockage at this chokepoint would have ripple effects across global energy markets.
Nawfal has previously tracked market volatility tied to geopolitical tensions. He noted that Iran’s suspension of negotiations triggered a surge in WTI crude prices and a drop in the S&P 500. In a separate post, he highlighted Elon Musk’s $164.8 billion net worth increase in a single day. These updates reflect his focus on major market developments.