The ongoing Iran war's economic consequences are expected to outlast the conflict itself, with supply chain disruptions potentially lingering for months or years even after a ceasefire. Infrastructure attacks have shifted the conflict toward damaging production capacity rather than just creating logistics disruptions, according to analysts.
The blockage of the Strait of Hormuz has already disrupted global commodity flows, with attacks on energy facilities in the Gulf deepening the crisis. About a third of the world's seaborne fertilizer supply and almost half of the world's urea typically transit through the strait, creating widespread supply chain vulnerabilities.