From the Gulf to Central Europe: a distant conflict with close-to-home consequences
The Strait of Hormuz is thousands of miles from Budapest or Prague. Yet the crisis unfolding there is already hitting Central European drivers at the pump.
Iran
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Geopolitical cohesion key driver of EU trade - Deloitte report
“For Europe, analysis of the historical data shows that a 1% drop in geopolitical alignment is associated with a corresponding 1% decline in trade intensity,” Deloitte observed.