Oil, LNG, fertilisers and maybe diamonds: What is at risk from Iran’s wider blockade threat

Iran has warned of wider trade disruptions beyond the Strait of Hormuz. This threat could impact crucial energy and other export flows from the region. The Strait of Hormuz is a vital chokepoint for global oil and gas shipments. Asia, which receives most of these shipments, faces significant exposure. Tensions are escalating as the US conducts strikes against Iranian capabilities.