A surge in the price of sulphur has highlighted how the effects of the Iran war are spreading far beyond energy markets to hit wider supply chains.
Shipping has been virtually halted through the Strait of Hormuz, choking off supplies of the byproduct of oil and gas refining that, while a niche commodity, is vital in sectors from fertilisers and chemicals to computer chips and metal processing.
The impact of the waterway’s disruption is rippling across industries, with already strained supply chains facing their biggest threat since the Covid-19 pandemic, analysts say.
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