3 Critical Supply Chains Beyond Oil Being Upended by the Iran War
Business Insider • • general
Key Points:
- The Iran war has disrupted not only oil supplies but also critical commodities like helium, pharmaceutical drugs, and fertilizer, impacting global markets beyond energy.
- Helium supply has been significantly affected due to attacks on a Qatari LNG plant, which produces a substantial portion of the world's helium, causing prices to double amid limited global spare capacity.
- Pharmaceutical trade faces risks from transit delays, particularly for drugs with short shelf lives such as vaccines and cancer therapies, potentially leading to higher costs for consumers depending on the war's duration.
- Fertilizer shipments through the Strait of Hormuz, which account for about one-third of global seaborne fertilizer, have been disrupted, causing price surges that increase costs for farmers and may contribute to food inflation.
