Big Take Podcast

It’s Not Just Oil. A Blocked Hormuz Risks Hiking the Price of Nearly Everything You Buy

As war in Iran crimps global oil supplies, it is hitting a range of other commodities and promising to remake global supply chains.

Imported fertilizers being unloaded at the Lianyungang port, in eastern China's Jiangsu province on April 8.Source: -/AFP

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By Sarah Holder and Rachael Lewis-Krisky

April 10, 2026 at 9:33 PM UTC

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A core US demand heading into peace talks with Iran this weekend will be reopening the Strait of Hormuz, where a near-total shipping shutdown has led to rising global oil prices and threatened supplies of food, plastics, packaging and semiconductors.