A commodity analyst explains the global repercussions of the month-long closure of the Strait of Hormuz, noting that crude oil prices have hit their highest levels since 2023. The discussion covers the "chain reaction" affecting plastics, fertilizers, and freight rates. The analyst argues that the U.S. easing sanctions on Russian waterborne crude to help India and China is a sign that the administration's strategy is backfiring and fueling global inflation.




