Rising tensions around the Strait of Hormuz are creating ripple effects across global industries. The disruption of shipping routes has tightened supplies of liquefied petroleum gas (LPG), a critical fuel used to keep high-temperature furnaces running in the glass manufacturing sector. Industry leaders warn that prolonged instability in this key maritime chokepoint could disrupt supply chains, increase production costs and slow manufacturing output worldwide.

Hormuz Crisis: Glass Industry Struggles as LPG Supply Tightens

The Strait of Hormuz, the world’s most critical trade chokepoint, is at the Centre of the economic fallout from the ongoing U.S-Israel conflict with Iran. Nearly 20 million barrels of oil pass through this narrow waterway every day, accounting for roughly one-fifth of global oil consumption.

Hormuz Disruptions:  Strait of Hormuz Crisis Sparks Worldwide Oil and Trade Turmoil

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Hormuz Crisis: Glass Industry Struggles as LPG Supply Tightens

Hormuz Disruptions: Strait of Hormuz Crisis Sparks Worldwide Oil and Trade Turmoil