Data & financial journalist covering global economics and policy
Oil and gas might not be the only commodities vulnerable to the disruptions in the Strait of Hormuz. Fertilizers are at particular risk, as their supplies get choked at the strait, a critical shipping corridor for a third of the world’s fertilizer shipments.
The U.S. is a net oil exporter but that does not shield it from global economic shocks.
Governments and energy producers are racing to protect global oil flows as risks rise around the Strait of Hormuz.
Oil prices surged after U.S. and Israeli strikes on Iran raised fears of Strait of Hormuz disruption, a chokepoint that carries about 20% of global crude supply.