Hormuz domino effect: How the Middle East crisis affects food, flights and global supply chains
The closure of the Strait of Hormuz triggered by the war in the Middle East hasn't just affected oil prices. Despite a provisional reopening during the current 10-day ceasefire, global supplies of jet fuel, fertilisers, industrial CO2 and naphtha have already been affected, potentially leading to shortages of food and other essential products across the globe.
The closure of the Strait of Hormuz triggered by the war in the Middle East hasn't just affected oil prices. Despite a provisional reopening during the current 10-day ceasefire, global supplies of jet fuel, fertilisers, industrial CO2 and naphtha have already been affected, potentially leading to shortages of food and other essential products across the globe.
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