The Policy Center for the New South (PCNS) has published a collective work titled 'Hormuz and the Invisible Fractures: the Price of a Distant War,' analyzing the global repercussions of a potential Iran-United States conflict centered on the Strait of Hormuz. The study identifies Morocco as one of the North African economies most exposed to an oil price shock resulting from such a conflict.
The Strait of Hormuz, a critical chokepoint for global oil shipments, sees about 20% of the world's petroleum transit daily. A disruption there could cause severe price spikes, impacting import-dependent economies like Morocco, which relies heavily on foreign oil for its energy needs.
The PCNS report examines how a distant war could fracture global supply chains and financial markets, with North African nations facing heightened vulnerability due to their limited energy diversification and fiscal constraints. The study calls for strategic planning to mitigate these risks.
