|
The Houthis claimed to have attacked two ships in the Red Sea, and Iran said a third caught fire near the Strait of Hormuz.
|
|
Oil prices settled at six-week highs on Wednesday after the U.S. struck Iran for the 11th night in a row and President Donald Trump warned that the U.S. will bomb Iranian bridges and power plants if Tehran fires on ships in the Strait of Hormuz.
|
|
As the situation in the Strait of Hormuz makes clear, business success increasingly depends on managing global disruption and risk in a three-dimensional way: reroute, replace, and substitute.
|
|
