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Counting the Cost

Can global supply chains recover from the Iran war?

Conflict upends flow of critical raw materials for manufacturing, aviation and technology.

The United States and Iran may have agreed to a ceasefire for now, but the world’s supply chains will continue to feel the effects.

Beyond oil and gas, Iran’s near closure of the Strait of Hormuz has blocked shipments of critical raw materials from the Gulf.

Petrochemicals, helium and aluminium are just some of the products that have not been able to reach manufacturing hubs around the world.

Many everyday items are affected, from plastic packaging to the advanced semiconductors in our smartphones.

How will our supply chains recover, and can they become more resilient to global shocks?