Poland is among the 11 countries in the world most vulnerable to ongoing closure of the Strait of Hormuz in the Persian Golf. This according to a new report by Allianz, one of the globe’s biggest insurance companies.
Currently, 20% of the world’s energy supplies are cut off by the Iranian government’s closure of the Strait of Hormuz — the relatively narrow sea passage in and out of the Persina Gulf. Iran closed in a reaction to the Israeli-American air strikes on its country and hopes it damages the economies of the US and its allies by closing it. According to Allianz, Poland, Rumania, Bangladesh, Egypt, Ethiopia, Jordan, Kenya, Morocco, Pakistan, Sri Lanka and Tunisia are “most at risk” if the closure continues for three months or longer. Currently, the conflict is one month in.
Allianz names three main causes. Firstly, the Polish government spends more than it receives. Secondly, Allianz sees that Poland is consuming more energy than it produces, and thirdly Poland is spending more money abroad (including on beefing up its military) than it receives.
The insurance company says there is a risk that the gross domestic product of Poland falls between 0.2% and 0.4%, and that inflation might rise by 1.5% to 3.5%. | © 2026 Marcel Burger, nordicreporter.com. Featured image: The Polish flag (PD)