Iran war’s global impact keeps growing

Labourers working at the construction site of a state highway road

Source: © Manjunath Kiran/AFP/Getty Images

Shortages of bitumen, cooking gas and jet fuel are pushing up prices and disrupting construction

With on-and-off negotiations continuing between the US and Iran over freight passage through the Strait of Hormuz, the impact of petroleum and petrochemical supply restrictions is continuing to filter down supply chains.