World Business Report, Strait talking: Energy markets rocked as conflict intensifies

World Business Report

Strait talking: Energy markets rocked as conflict intensifies

3 March 2026

9 minutes

Available for over a year

Natural gas prices spike in Europe after Qatar closes its LNG base. Meanwhile the Strait of Hormuz closure sends crude oil higher and its importance in the shipment of fertiliser ingredients could have major effects on global crop production this year, the boss of Yara says