From trade war to actual war: understand, anticipate, act

The world has entered a new phase of tension, both economic and military. After years of trade conflicts and tariff shocks, a direct military confrontation in the Strait of Hormuz in March 2026 has triggered immediate disturbances to global trade.

Are we “legally” at war? One thing is certain: the situation creates deep disruptions, unprecedented tensions, and inevitable conflicts.

Three major ruptures explain this shift: the return of inter-state rivalries, the widespread use of economic sanctions, and the increasing fragmentation of global value chains since the pandemic.

In this video, Jalal El Ahdab, partner at Fidal and international arbitration specialist, analyzes the concrete implications of this new landscape:
•    the scale of the economic flows at stake,
•    the legal uncertainties in a conflict environment,
•    and the immediate impact on contract management.

See critical insights to assess and manage your risks and adapt your calls in an increasingly unstable environment.