The shipping through the Strait of Hormuz is obstructed, and 11 countries including New Zealand have issued a joint statement on maintaining an open supply chain.

According to the New Zealand Ministry of Foreign Affairs and Trade website, New Zealand, Costa Rica, Iceland, Liechtenstein, Norway, Panama, Rwanda, Singapore, Switzerland, the United Arab Emirates, and Uruguay issued a joint statement. The statement said that given the potential for the closure of the Strait of Hormuz to cause serious disruptions to the global supply chain, especially for oil, natural gas, petrochemical products, as well as key downstream derivatives and essential goods like fertilizers, the aforementioned countries reaffirm their commitment to maintaining open, diversified, transparent, competitive, and resilient supply chains. (Global Times)

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