US and China must team up to keep maritime trade routes free and safe

The US and China are being urged to work together to keep international maritime trade routes free and safe. This is a response to growing security risks and regional conflicts that have disrupted key trade routes over the past decade. The stability of these routes is crucial for the global economy, as they facilitate the transportation of goods and commodities worldwide. If left unaddressed, the increasing vulnerability of these routes could have significant consequences for trade and economic growth.

Why it matters

The crisis in the Strait of Hormuz could disrupt global trade, causing uncertainty in the market. This uncertainty may lead to a decrease in investor confidence, affecting various asset classes.

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