The Israel-Egypt war lasted only 6 days, the Suez Canal remained blocked for 8 years: for the world economy, the crisis is not over, even if Hormuz reopens

Even if maritime traffic in the Strait of Hormuz resumes tomorrow, the effects of the war in the Middle East will be felt on the world economy for a long time to come. “The energy shock will be persistent,” predicts the governor of the Bank of France.