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A fire breaks out on a Thai cargo ship after it was struck in the Strait of Hormuz on March 11, 2026. [Xinhua]
The ongoing conflict between the United States, Israel, and Iran is sending shockwaves across the globe and affecting multiple sectors.
As attacks between the warring sides continue, shipping through the strategic Strait of Hormuz, a vital global transport chokepoint, has been heavily disrupted. Beyond the energy and shipping sectors, the global food supply is also feeling the pinch, reflected in a sharp surge in food prices and warnings from UN agencies.
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