Supply Chain Fractures Exacerbate Global Inflationary Pressures

Bloomberg warned in a lengthy report that the Middle East crisis has created unprecedented logistical complexities. Fears of a Strait of Hormuz closure have not only raised oil prices but crazily increased marine insurance and freight costs. This fracture in supply chains, touched upon by the IMF, heavily affects the availability of rare earth metals needed for EV battery manufacturing, adding a new layer of inflationary complexity.