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Expensive fuel and fertiliser will lead to smaller harvests and higher prices
Catch up on global daily news
Compelling long reads
Future-gazing analysis, predictions and speculation
Tune into captivating conversations
Watch engaging short films

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

Soaring prices for fertiliser and fuel could cause a global food shock

Iran's closure of the Strait of Hormuz has disrupted global oil and gas flows, highlighting the vulnerability of maritime…

A hypothetical third Gulf war closes the Strait of Hormuz, stranding a fifth of global oil and gas output and driving energy…

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

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