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Hurmuz crisis impacts global supply
Reports reveal that the closure of the Strait of Hormuz since March 2026 has led to a comprehensive global economic crisis, with its impact extending beyond oil to include just-in-time supply chains in the automobile, aerospace, pharmaceutical, and technology industries. The US-Iran war caused a reduction in production at major companies like Toyota, which cut over 80,000 vehicles, and worsened the helium gas shortage that threatens the electronics chip industry. Additionally, aluminum prices soared, and there is a shortage of critical chemicals needed to maintain medical production, disrupting supply chains and threatening global food security and vital industries.
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