Iran conflict cuts off gulf oil and chemicals trade
By 
Anthony King2026-03-06T15:06:00
Effective closure of the Strait of Hormuz has stranded exports from Iran, Iraq, Kuwait, Bahrain, Saudi Arabia, UAE and Qatar
The Strait of Hormuz quickly became a choke point for energy and chemicals trade from the Middle East after the US and Israel went to war with Iran. About a quarter of all seaborne oil and a fifth of liquified natural gas (LNG) has passed through this narrow passage between Iran and Oman in recent years.