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Shipping disruptions in the Strait of Hormuz could sharply increase prices for oil, natural gas, fertilizers, and other chemicals.
This view comes from Brian Sullivan, who emphasizes that every day ships hesitate to navigate Hormuz due to security concerns or insurance issues, global prices for these critical commodities face upward pressure. Sullivan stresses the importance of tracking vessel movements through Hormuz to gauge near-term impacts on supply chains and energy markets.