The global trade and foreign investment landscape remains volatile and uncertain with no clear conclusion to the conflict in Iran.
The Strait of Hormuz, a strategic waterway connecting the Persian Gulf to the Gulf of Oman, facilitates around 20 per cent of global exports of oil and Liquefied Natural Gas (LNG), and continues to be a key point of vulnerability.
Ongoing disruptions and restricted access have significantly impacted global energy supply chains, with flow-on effects to fuel and fertiliser availability. These constraints are contributing to global supply chain pressures and increased prices.
Trade and Investment Queensland (TIQ) recognises that this is creating challenging conditions for Queensland businesses and has activated a global trade disruption response plan to provide practical, timely support to exporters, particularly small and family-owned businesses.
The Federal Government is also providing targeted support measures. The Economic Resilience Program (ERP) provides zero-interest loans to fuel, fertiliser and other critical supply chain businesses, helping to sustain transport operations and ensure essential production activities continue during this period of disruption.
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