Business
The Other Markets Being Rattled by the Blockage of Hormuz
Oil is trading near $100 a barrel, and natural-gas prices have surged to the point that countries dependent on imported fuel are taking drastic steps to cut consumption. Those aren’t the only markets being rocked by the closure of the Strait of Hormuz.
The war’s blockage of Persian Gulf ports is rippling far downstream of the region’s oil-and-gas exporters and risks boosting prices of products ranging from beer cans to bluejeans and services such as magnetic resonance imaging, or MRIs. Those same supply-chain disruptions are creating lucrative new trades for investors.
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