Where Shipping Chokepoints Created Externalities

54% of the world’s naphtha no longer moves through the Strait of Hormuz. Japan’s cereal eaters will be affected. Japan’s Cereal Eaters Japanese snack maker Calbee will temporarily change some of its packaging. From reds, blues, and splashes of assorted hues, 14 products, including potato chips and breakfast cereals, will instead come in black and […]