Miner Company
How Strait of Hormuz closure can become tipping point for global economy
Oil is far from the only critical input for the global economy that would be disrupted by a de facto closure of the Strait of Hormuz due to the U.S.-Iran war. Aluminum prices are already rising, and further disruption could increase input costs for automotive, aerospace, and construction manufacturing in the U.S. and Europe.
Oil is far from the only critical input for the global economy that would be disrupted by a de facto closure of the Strait of Hormuz due to the U.S.-Iran war. Aluminum prices are already rising, and further disruption could increase input costs for automotive, aerospace, and construction manufacturing in the U.S. and Europe.