How Taiwan Strait crisis could cripple global shipping?

Map of Taiwan Strait

A blockade or conflict in the Taiwan Strait would create unprecedented disruption to global maritime trade, potentially dwarfing the economic impact of the Suez Canal blockage.

A Chinese escalation in the Taiwan Strait poses severe risks to global maritime trade, with potential disruptions to US$2.45 trillion in annual trade flows (21% of global maritime commerce).

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