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Middle Corridor: The New Trade Hedge?

Markets are reacting to the energy shock in the Strait of Hormuz. But some strategists see something bigger - a long-term reshaping of global supply chains. Meredith Whitney, the CEO of Meredith Whitney Advisory Group, points to the Middle Corridor across the Caspian. Not as a replacement for Hormuz,  but as a hedge against geopolitical chokepoints from Russia to traditional trade routes. Meredith joined Bloomberg Open Interest to discuss the developments. (Source: Bloomberg)