"A lot of the necessities, and I'm talking food, that these Gulf nations require - Kuwait, the UAE, Bahrain, Qatar, Saudi Arabia - comes in by boat," and flying in goods is causing prices to rise.

The prolonged disruption to shipping through the Strait of Hormuz has created a global jet fuel crunch, driving up airline costs and forcing carriers to seek alternative supplies.

Qatar, Kuwait and Bahrain cannot bypass Hormuz for most energy exports, while costly air freight, rerouted cargo and damaged facilities are pushing up prices and exposing how…