There is a crisis of confidence in the Middle East as renewed escalation threatens to bring global supply lines to a standstill. For the first time, the WTO has sent an SOS, warning that geopolitical tensions, conflict-driven shipping disruptions and sweeping tariffs continue to cloud the outlook for global supply chains and transport costs. This warning needs to be read alongside the IEA's warning that global oil supply and demand are set to fall further due to lack of progress in ending the volatility. Consequently, fuel........

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