\n\t\t\t\t\t\t\t\t\t\t\t\t\tPresident Trump is threatening to destroy power plants and bridges come tomorrow night if Iran does not agree to *** deal that includes reopening the Strait of Hormuz. And this afternoon, the president dismissed critics who warned that strikes on civilian infrastructure could amount to war crimes. We have *** plan because of the power of our military, where every bridge in Iran will be decimated by 12 o’clock tomorrow night, where every power plant. In Iran will be out of business, burning, exploding, and never to be used again. I mean complete demolition. Iran called those threats reckless while reportedly rejecting *** 45 day ceasefire proposal drawn up by regional mediators. Iran is calling for *** permanent end to the war with guarantees that they won’t be attacked again. Now despite Stalled diplomacy. President Trump says that he believes that Iranians are negotiating in good faith, saying that the new leaders are less radical. He asserted that his administration has effectively achieved regime change, but yet is still calling on the Iranian people to take over their government. Would they want you to blow up their infrastructure, to cut off their power? Wouldn’t that be punishing? Iranians for the actions of the regime, they would be willing to, they would be willing, and it’s suffering. They would be willing to suffer that in order to have freedom. And asked if he’s winding down the war as he previously suggested or escalating it, President Trump told reporters, quote, I can’t tell you. I don’t know, adding it depends on what Iran does next. Reporting at the White House. I’m Jackie DeFusco.\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n
\n\t\t\t\t\t\tIf you\u2019ve given even passing attention to current events, you know that the Strait of Hormuz is a key passageway for crude oil shipments. And you know that Iran blocking the strait in response to U.S. and Israel bombings has, in the words of the International Energy Agency, created “the largest supply disruption in the history of the global oil market.”But did you know that the U.S. depends on many other commodities that pass through the strait? From fertilizer to aluminum to helium, Americans could feel the effects of the war through higher prices and reduced economic growth beyond what it\u2019s doing to gas prices.”While the U.S. doesn\u2019t purchase that many goods directly from the strait compared to other major economies, it is still seriously exposed to shortages and price rises in global commodity markets beyond oil and gas,” said Noah J. Gordon, a fellow in the sustainability, climate and geopolitics program at the Carnegie Endowment for International Peace, a think tank.In a worst-case scenario, certain commodities might not be available for any price.The international consulting group Roland Berger projected that China, India, Japan and countries in southeast Asia stand to be hurt more by shortages of critical commodities than Europe or the Americas, given prevailing patterns of trade. However, the impact on the Americas could be noticeable for aluminum, the fertilizers urea and ammonia, and naphtha, an industrial byproduct of crude oil.”When we start observing shortages in components \u2026 we will feel like it is on our doorstep instead of a far-off land,” said Vidya Mani, a University of Virginia associate business professor.Here’s a rundown of some of the blocked commodities that could have an impact on the U.S. and global economies.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Liquefied natural gasWhen natural gas is compressed, it can be liquefied and transported in specialized ships. About one-fifth of the liquefied natural gas exported globally typically passes through the Strait of Hormuz.Iranian attacks \u200chave knocked out 17% of Qatar’s liquefied natural gas export capacity. Besides reducing supply for natural gas customers directly, this hinders the flow of natural gas byproducts, including fertilizer, plastics, detergents, cosmetics, paints and dyes.Other petroleum byproductsThe supply of diesel, which is made from crude oil, is a major worry, Mani said, because it powers trucks, farm equipment and freight traffic. On April 3, the GasBuddy price app reported that the national average price of diesel had reached $5.52 per gallon, which is 30 cents short of all-time high.”When diesel rises quickly, groceries, household basics, and building materials often follow,” Mani said.Another commodity from crude oil is liquefied petroleum gas, which is a mix of propane, butane and other gases often used for home appliances and manufacturing. Shortages in India have already forced millions of people to cook with coal, firewood and cow dung, Radio Free Europe\/Radio Liberty reported.Other products refined from crude oil include jet fuel, which affects air travel prices, and synthetic graphite, used in electric vehicle batteries.FertilizerFertilizer is vital for global agriculture, because it increases crop yields. Using less fertilizer can lead to food shortages and higher prices, though the timing can be uncertain because of staggered growing cycles.The strait accounts for at least 20% of all fertilizer exported by sea; it accounts for 46% of one particular type of fertilizer, urea, and about 30% of another, ammonia. Unlike oil, fertilizer can not be rerouted through pipelines.About half of fertilizer is not traded internationally, and the U.S., which is rich in natural gas, produces about three-quarters of the fertilizer it needs. As a result, the greatest risk to food security would be countries in Africa and South Asia; after Qatar\u2019s natural gas production shuttered, fertilizer firms in India, Bangladesh, and Pakistan shut down production, according to the Carnegie Endowment.SulfurSulfur is an oil and gas byproduct that is a key input for producing certain types of fertilizer and for metal processing, particularly in the form of sulfuric acid. Nearly half of the world\u2019s shipping of sulfur normally passes through the strait.Sulfur shortages can affect the refining of nickel, cobalt and copper for the production of electric-vehicle batteries, semiconductors and renewable-energy storage. Sulfur also helps process uranium, lithium, titanium dioxide, zinc and rare-earth metals.Chemicals like sulfuric acid “can determine whether the U.S. military can maintain industrial base production of electrical and digital systems needed to sustain the fight as munitions are expended and combat losses mount,” Morgan D. Bazilian, a Colorado School of Mines professor, and two coauthors wrote recently. “It is one of those unglamorous industrial inputs that operators and planners ignore until a crisis hits, prices spike, and replacement capacity becomes nonexistent.”HeliumQatar accounts for about one-third of the world\u2019s helium, but that production is at a standstill after Iranian attacks.Helium, which is extracted from natural gas, is used in semiconductor manufacturing \u2014 a necessary component of most consumer electronics \u2014 as well as the operation of MRI scanners, which use helium to keep superconducting magnets at low temperatures. Helium is also used for cold-chain transportation of perishable items such as insulin, Mani said.Helium suppliers are already telling their U.S.-based customers, including semiconductor chip and electronics manufacturers, to expect shortages and price hikes, industry experts told CBS News.The U.S. has substantial helium reserves stored in Amarillo, Texas, but the stockpile is much smaller than it was a decade ago, after a 2013 law encouraged stocks to be sold off.The helium industry relies on roughly 2,000 expensive, cryogenic containers to shuttle supplies around the globe.AluminumThe Middle East accounts for about 9% of global production of aluminum, used heavily by the automobile and electronics industries, and in consumer packaging. The United States imports more than 20% of its aluminum from the Persian Gulf, requiring it to be shipped through the strait.War-related disruptions in the United Arab Emirates and Bahrain have sent aluminum prices to a four-year high. “Any prolonged outage would further tighten an already constrained market, where restarting smelters is costly, complex, and time-consuming,” the financial services firm ING said in an analysis.Pharmaceutical and medical materialsThe U.S. uses many generic pharmaceuticals manufactured in India, which in turn depend on chemicals that flow through the strait. Shortages could curb drug production as well as polymer-based medical supplies manufacturing, including gloves, intravenous bags, catheters and syringes, Mani said.MethanolMethanol is an important chemical precursor for resins, coatings, paints, synthetic fibers and plastics; about one-third of the global methanol trade by sea passes through the strait.Monoethylene glycolThe Gulf states shipped roughly 6.5 million tons of monoethylene glycol in 2025, which is used for making polyester fibers, packaging and textiles. It\u2019s also a source of naphtha, a petroleum byproduct that is used for similar purposes.Iron oreThe Gulf is also a significant source of iron ore pellets, which is needed for steelmaking. “Longer transit times and rising shipping costs are beginning to feed through to an industry already operating on tight margins,” according to the World Economic Forum.\n\t\t\t\t\t<\/p>\n
If you\u2019ve given even passing attention to current events, you know that the Strait of Hormuz is a key passageway for crude oil shipments. And you know that Iran blocking the strait in response to U.S. and Israel bombings has, in the words of<\/a> the International Energy Agency, created “the largest supply disruption in the history of the global oil market.”<\/p>\n But did you know that the U.S. depends on many other commodities that pass through the strait? From fertilizer to aluminum to helium, Americans could feel the effects of the war through higher prices and reduced economic growth beyond what it\u2019s doing to gas prices.<\/p>\n “While the U.S. doesn\u2019t purchase that many goods directly from the strait compared to other major economies, it is still seriously exposed to shortages and price rises in global commodity markets beyond oil and gas,” said Noah J. Gordon, a fellow in the sustainability, climate and geopolitics program at the Carnegie Endowment for International Peace, a think tank.<\/p>\n In a worst-case scenario, certain commodities might not be available for any price.<\/p>\n The international consulting group Roland Berger projected<\/a> that China, India, Japan and countries in southeast Asia stand to be hurt more by shortages of critical commodities than Europe or the Americas, given prevailing patterns of trade. However, the impact on the Americas could be noticeable for aluminum, the fertilizers urea and ammonia, and naphtha, an industrial byproduct of crude oil.<\/p>\n “When we start observing shortages in components \u2026 we will feel like it is on our doorstep instead of a far-off land,” said Vidya Mani, a University of Virginia associate business professor.<\/p>\n Here’s a rundown of some of the blocked commodities that could have an impact on the U.S. and global economies.<\/p>\n Liquefied natural gas<\/p>\n When natural gas is compressed, it can be liquefied and transported in specialized ships. About one-fifth of the liquefied natural gas exported globally typically passes through the Strait of Hormuz.<\/p>\n Iranian attacks \u200chave knocked out<\/a> 17% of Qatar’s liquefied natural gas export capacity. Besides reducing supply for natural gas customers directly, this hinders the flow of natural gas byproducts, including fertilizer, plastics, detergents, cosmetics, paints and dyes.<\/p>\n Other petroleum byproducts<\/p>\n The supply of diesel, which is made from crude oil, is a major worry, Mani said, because it powers trucks, farm equipment and freight traffic. On April 3, the GasBuddy price app reported<\/a> that the national average price of diesel had reached $5.52 per gallon, which is 30 cents short of all-time high.<\/p>\n “When diesel rises quickly, groceries, household basics, and building materials often follow,” Mani said.<\/p>\n Another commodity from crude oil is liquefied petroleum gas, which is a mix of propane, butane and other gases often used<\/a> for home appliances and manufacturing. Shortages in India have already forced millions of people to cook with coal, firewood and cow dung, Radio Free Europe\/Radio Liberty reported<\/a>.<\/p>\n Other products refined from crude oil include jet fuel, which affects air travel prices, and synthetic graphite, used in<\/a> electric vehicle batteries.<\/p>\n Fertilizer<\/p>\n Fertilizer is vital for global agriculture, because it increases crop yields. Using less fertilizer can lead to food shortages and higher prices, though the timing can be uncertain<\/a> because of staggered growing cycles.<\/p>\n The strait accounts for at least 20%<\/a> of all fertilizer exported by sea; it accounts for 46% of one particular type of fertilizer, urea, and about 30% of another, ammonia<\/a>. Unlike oil, fertilizer can not be rerouted through pipelines.<\/p>\n About half of fertilizer is not traded<\/a> internationally, and the U.S., which is rich in natural gas, produces about three-quarters<\/a> of the fertilizer it needs<\/a>. As a result, the greatest risk<\/a> to food security would be countries in Africa and South Asia; after Qatar\u2019s natural gas production shuttered, fertilizer firms in India<\/a>, Bangladesh<\/a>, and Pakistan shut down<\/a> production, according to the Carnegie Endowment<\/a>.<\/p>\n Sulfur<\/p>\n Sulfur is an oil and gas byproduct that is a key input for producing certain types of fertilizer and for metal processing, particularly in the form of sulfuric acid. Nearly half<\/a> of the world\u2019s shipping of sulfur normally passes through the strait.<\/p>\n Sulfur shortages can affect<\/a> the refining of nickel, cobalt and copper for the production of electric-vehicle batteries, semiconductors and renewable-energy storage. Sulfur also helps process uranium, lithium, titanium dioxide, zinc and rare-earth metals.<\/p>\n Chemicals like sulfuric acid “can determine whether the U.S. military can maintain industrial base production of electrical and digital systems needed to sustain the fight as munitions are expended and combat losses mount,” Morgan D. Bazilian, a Colorado School of Mines professor, and two coauthors wrote<\/a> recently. “It is one of those unglamorous industrial inputs that operators and planners ignore until a crisis hits, prices spike, and replacement capacity becomes nonexistent.”<\/p>\n Helium<\/p>\n Qatar accounts for about one-third<\/a> of the world\u2019s helium, but that production is at a standstill<\/a> after Iranian attacks.<\/p>\n Helium, which is extracted from natural gas, is used<\/a> in semiconductor manufacturing \u2014 a necessary component of most consumer electronics \u2014 as well as the operation of MRI scanners<\/a>, which use helium to keep superconducting magnets at low temperatures. Helium is also used for cold-chain transportation of perishable items such as insulin, Mani said.<\/p>\n Helium suppliers are already telling their U.S.-based customers, including semiconductor chip and electronics manufacturers, to expect shortages and price hikes, industry experts told CBS News<\/a>.<\/p>\n The U.S. has substantial helium reserves stored in Amarillo, Texas, but the stockpile is much smaller<\/a> than it was a decade ago, after a 2013 law<\/a> encouraged stocks to be sold off.<\/p>\n The helium industry relies on<\/a> roughly 2,000 expensive, cryogenic containers to shuttle supplies around the globe.<\/p>\n Aluminum<\/p>\n The Middle East accounts for about 9%<\/a> of global production of aluminum, used heavily by the automobile and electronics industries, and in consumer packaging. The United States imports<\/a> more than 20% of its aluminum from the Persian Gulf, requiring it to be shipped through the strait.<\/p>\n War-related disruptions in the United Arab Emirates and Bahrain have sent aluminum prices to a four-year high<\/a>. “Any prolonged outage would further tighten an already constrained market, where restarting smelters is costly, complex, and time-consuming,” the financial services firm ING said in an analysis<\/a>.<\/p>\n Pharmaceutical and medical materials<\/p>\n The U.S. uses many generic pharmaceuticals manufactured in India, which in turn depend on chemicals that flow through the strait. Shortages could curb drug production as well as polymer-based medical supplies manufacturing, including gloves, intravenous bags, catheters and syringes, Mani said.<\/p>\n Methanol<\/p>\n Methanol is an important chemical<\/a> precursor for resins, coatings, paints, synthetic fibers and plastics; about one-third<\/a> of the global methanol trade by sea passes through the strait.<\/p>\n Monoethylene glycol<\/p>\n The Gulf states shipped roughly 6.5 million tons<\/a> of monoethylene glycol in 2025, which is used for making polyester fibers, packaging and textiles. It\u2019s also a source of naphtha, a petroleum byproduct that is used for similar purposes.<\/p>\n Iron ore<\/p>\n