Hormuz's Impact on Global Supply Chains
The crisis of the Strait of Hormuz goes beyond mere disruptions in the transit of oil and gas, as it significantly impacts the operation of several global economic sectors, including fertilizers, chemicals, and plastics industries. According to a report by Keller, the amount of fertilizer passing through the strait has decreased by over 80%, dropping from approximately 2.85 million tons monthly to 560,000 tons in August 2026, threatening to reduce food supplies due to many Gulf countries' reliance on exports. Additionally, methanol exports declined by 63%, chemical prices increased by around 53%, and helium prices surged by 50% as a result of disrupted navigation, raising production costs and impacting global supply chains. The crisis has also led to higher shipping costs, with Maersk imposing additional fees of up to $4,400 per container, which raises product prices, exerts pressure on global markets, and confirms that the crisis’s repercussions extend beyond the oil sector to include food security, manufacturing, and technological industries.
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