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Iran's closure of the Strait of Hormuz has disrupted global oil and gas flows, highlighting the vulnerability of maritime chokepoints that carry 85% of world trade.
Catch up on global daily news
Compelling long reads
Future-gazing analysis, predictions and speculation
Tune into captivating conversations
Watch engaging short films

Our podcast on markets, the economy and business. This week, lessons from Iran’s economic warfare

Whatever happens in the Strait of Hormuz, energy markets have been changed for ever

Expensive fuel and fertiliser will lead to smaller harvests and higher prices

Mines, mistrust and missing ships will keep markets tight for months

Even if the Strait of Hormuz reopens, expect lasting change to energy markets

Stranded Gulf supplies are choking off the region’s economies