A prolonged Strait of Hormuz closure is likely and will raise prices for commodities that transit the strait, especially fertilizers and other critical goods the rest of the world needs; gasoline prices are also cited as a cost of the conflict.
A prolonged Strait of Hormuz closure is likely and will raise prices for commodities that transit the strait, especially fertilizers and other critical goods the rest of the world needs; gasoline prices are also cited as a cost of the conflict.