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Iran Closes Strait of Hormuz; Gulf States Reroute Oil, Costs Rise
ClarínLO·IR · AE · SA·1 day ago
The US-Iran war and closure of the Strait of Hormuz have disrupted supplies of fertilizers, aluminum, helium, and chemicals, impacting global manufacturing from cars to chips. This extends the crisis beyond energy markets, threatening broad industrial output. The extent of supply chain damage remains uncertain as the conflict continues.
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Iran has closed the Strait of Hormuz. Gulf states have activated alternative oil shipping routes, preventing a major price spike but incurring higher costs. The closure has also disrupted global supply chains for non-oil commodities, with the full extent of impact on industrial output remaining uncertain.