The Global Impact of the Middle East Crisis

Iran-US War The Global Impact of the Middle East Crisis

2026-10-09 From Ahlam Rais 4 min Reading Time

Related Vendors

QatarEnergy

LyondellBasell

Glatt Ingenieurtechnik GmbH

EDL Anlagenbau Gesellschaft mbH

Pörner Ingenieurgesellschaft mbH

On February 28, 2026, the Iran-US war began, shutting down a crucial waterway for global trade—the Strait of Hormuz—and today, even seven plus months later, the Strait is still closed. This ongoing scenario has not only impacted the oil and gas sector but has also disrupted supply chains in the plastics and fertilizer industries as well, leading prices to escalate and numerous industry players announcing force majeure.

The Strait of Hormuz crisis has shown how a single chokepoint can turn an energy shock into a manufacturing and food shock.(Source: © Gowrob - stock.adobe.com) — The Strait of Hormuz crisis has shown how a single chokepoint can turn an energy shock into a manufacturing and food shock.
(Source: © Gowrob - stock.adobe.com)

The Strait of Hormuz remains closed, more than 200 days after the Iran-US war began. Alternate transport routes are keeping trade moving, but none can substitute for a passage that carries around 25 % of the world’s seaborne oil trade and almost 20 % of global liquefied natural gas (LNG) exports. The fallout has been severe, with oil and gas, petrochemical and plastics producers declaring force majeure, and prices of oil and gas as well as fertilizers increasing significantly.

LNG: The Hardest Cargo to Reroute

Please log in or register and read this article. To be able to read this article in full, you must be registered. Free registration gives you access to exclusive specialist information.

Create My Free Account

Already registered? Log in here