World Economic Forum: The Strait of Hormuz Crisis Isn’t Just About Oil. There Are 9 Other Commodities Too

The war in the Middle East has caused serious damage to energy infrastructure and the closure of the Strait of Hormuz, which has pushed up oil prices, but its impact goes beyond energy, disrupting the region’s non-oil exports. These commodities include methanol, aluminum, sulfur, graphite, and other critical industrial materials that are impacting global supply chains and the transition to green energy.

The impact of these disruptions on global supply chains is quickly becoming apparent; from agricultural fertilizers for future harvests to minerals needed by high-tech industries:

- 1. Fertilizers (urea and ammonia)

- 2. Sulfur

- 3. Methanol

- 4. Graphite

- 5. Aluminum

- 6. Helium

- 7. Glycol (MEG)

- 8. Iron ore and steel pellets

- 9. Green hydrogen infrastructure