By Stacy Boit,
The interruption of oil and gas supplied through the Strait of Hormuz due to the US-Israel war with Iran has dramatically pushed up global energy prices.
Petrol has gone up already and UK domestic heating bills are almost certain to follow.
But it’s not just fuel that’s been impacted by the conflict. A host of other vitally important chemicals, gases and other products normally enter international supply chains via the Hormuz Strait.
BBC Verify has found that the price of a host of goods – ranging from food, to smartphones, to medicines – could be affected, as the number of ships passing through the Hormuz Strait has dropped from well over 100 a day before the war to just a handful.Here is what could be impacted.
Petrochemicals are derived from oil and gas and they are produced in great quantities for export by countries in the Gulf region.
And one of the most important is fertiliser, vital for global agricultural production.
According to the United Nation, around a third of the world’s fertilizers such as urea, potash, ammonia and phosphates normally pass through the Hormuz Strait.
