Trump is not just burning America to the ground but a nice chunk of the world’s economy too.
Btw not mentioned in the article below countries such as South Korea depend on LNG from
Qatar.
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The war with Iran is driving up more than gasoline prices. It is beginning to hit semiconductors, medical imaging, backyard gardens and even children’s party balloons.
While much of the world is focused on how Iran’s essential closure of the Strait of Hormuz is damaging global energy markets, other key industries risk getting hit by similar price inflation. That’s because Hormuz is also a major shipping route for helium and fertilizer, which both affect a wide sector of the economy and are now experiencing price spikes as ships bottleneck on both sides of the strait.
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About a third of both the global helium and fertilizer supply passes through Hormuz. Half of the global supply of urea – a nitrogen-based fertilizer– and almost a third of the ammonia supply run through the straits, according to the American Farm Bureau Federation.
Prices are already spiking since global supplies are taking a hit right as many agricultural producers are beginning their Spring plants. Urea prices have jumped 30 percent since the Trump administration began bombing Iran, according to the Fertilizer Institute.
Meanwhile, helium spot prices have doubled since the war began, said Anish Kapadia, CEO of market research firm AKAP Energy. Qatar’s state-run energy firm halted liquified natural gas production in the first days of the war and it is estimated it will take months to get it back up and running. The nation is a major producer of helium, which is a byproduct of liquefied natural gas production.
https://www.politico.com/news/2026/03/14/hormuz-inflation-helium-fertilizer-00828680
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