Rising oil prices, shifting capital flows, and growing risk aversion are creating new uncertainties for both the global economy and Vietnam, requiring policymakers to respond flexibly to control inflation, stabilize the exchange rate and sustain growth Cost pressures and risks to fuel supply chains Escalating military tensions in the Middle East are increasing the risk of disruptions to global energy supplies. Shipping through the Strait of Hormuz, which handles about 20% of the world’s seaborne oil and liquefied natural gas each day, has nearly stalled, according to the Research and Development Board for the Private Economic Sector (Board IV). The Vietnam Ship Agents, Brokers and Maritime Services Association (VISABA) also reported that many oil tankers have halted outside the Gulf of Oman or canceled voyages midway. Prospects for reopening routes through the Suez Canal and the Red Sea in 2026 are also uncertain, as Yemen’s Houthi movement has signaled it may resume attacks on commercial ships. The Baltic and International Maritime Council (BIMCO) has warned of high risks for vessels linked to the United States or Israel, while noting that misidentification could endanger any ship passing through the area. Major container lines, including CMA CGM, Maersk and Hapag-Lloyd, have diverted […]
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