Price Changes since the War on Iran

Following the outbreak of war in Iran and the closure of the Strait of Hormuz in early March 2026, global commodity prices have surged amid severe supply disruptions. The WTO Strait of Hormuz Trade Tracker shows outbound shipments of crude oil, LNG, fertilizer, and helium falling to near zero, with Asia—destination for over 80% of these flows—facing acute shortages that threaten energy security, agriculture, and high-tech manufacturing.

This dashboard tracks real-time price movements for crude oil (USD/bbl), gas/LNG (USD/MMBtu), fertilizers (Asian delivery, USD/mt), helium (NE Asia spot, USD/Mcf), and shipping freight (FBX11 East Asia–North Europe, USD/FEU). Heightened war-risk premiums, forced rerouting, and constrained Gulf exports are driving sharp cost increases with broad ripple effects on Asian economies.