Iran War: Hormuz Closure Could Disrupt Billions In Global Trade Daily
Edited By WION Video Desk
Published: Mar 24, 2026, 10:00 IST | Updated: Mar 24, 2026, 10:00 IST
The Strait of Hormuz isn’t just an oil route: it’s a lifeline for the global economy. A shutdown could disrupt up to $2–2.3 billion worth of oil every single day, sending shockwaves through supply chains worldwide. From aviation and shipping to plastics, chemicals and even fertilisers, the ripple effects would hit multiple industries. With nearly 30% of global fertiliser trade also passing through this narrow corridor, the fallout could stretch far beyond energy markets.
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