Anonymous20 days ago
The closure of the Strait of Hormuz following the U.S.-Israel military campaign against Iran has triggered inflationary pressures far beyond crude oil, disrupting global supplies of fertilizer, petrochemicals, sulfur, aluminum, and LNG that flow through the narrow waterway. With urea prices up 35%, polyethylene exports stranded, shipping insurance quadrupled, and food inflation projected to follow within months, economists warn the crisis could add nearly a full percentage point to global CPI and push vulnerable economies toward stagflation.