Core Viewpoint - A joint statement from 11 countries, including New Zealand and Singapore, emphasizes the importance of maintaining open and resilient supply chains in light of potential disruptions in the Strait of Hormuz, particularly affecting oil, gas, petrochemicals, and essential goods [1]. Group 1 - The joint statement was issued by New Zealand, Costa Rica, Iceland, Liechtenstein, Norway, Panama, Rwanda, Singapore, Switzerland, the UAE, and Uruguay [1]. - The statement highlights concerns that the closure of the Strait of Hormuz could severely disrupt global supply chains, especially for critical products like oil, gas, and fertilizers [1]. - The countries reaffirm their commitment to maintaining supply chains that are open, diversified, transparent, competitive, and resilient [1].