It may not be the early sufferers who experience the most pain if the Strait of Hormuz stays closed for a prolonged period

Shashank Joshi, our defence editor, analyses what blocking off the strait would mean for oil prices, geopolitics and Donald Trump’s political calendar

It may not be the early sufferers who experience the most pain if the Strait of Hormuz stays closed for a prolonged period

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