@#3 ... Fortunately, my wife and I aren't affected by higher prices in our day to day decisions ...
Well, I filled up the gas tank of the car before the gas prices started to spike. That fill-up will last me a couple months, based upon my usage of the car.
But, there is a longer-term and wider non-oil effect of the closing of the Strait of Hormuz.
For example ... fertilizer ...
Nitrogen, Ammonia, and the Strait of Hormuz
www.science.org
... We find ourselves in a situation where chemistry is intruding on current events, and I'm referring to something that not everyone seems to have thought about: fertilizer, and especially nitrogen fertilizer. What it is, how it's used, and especially where it comes from. ...
The world nitrogen fertilizer market has really been shaken up by the situation that we have now caused in the Persian Gulf. And after those last couple of paragraphs it's easy to see why. The Gulf has extraordinary amounts of natural gas, and thus countries in that region have taken advantage of that value-added business opportunity and have become major fertilizer exporters. But not at the moment. Not right when it's needed in the Northern Hemisphere.
All that stuff comes out on huge container ships, down the Gulf and right out the Strait of Hormuz, just like the oil and the liquified natural gas. Prices for all the nitrogen fertilizers were already running high by historic standards before all of this, but now, well. Farm organizations here in the US are calling for financial help from the administration, but after all the tariff nonsense you have to wonder what they're expecting. Given the reports of mine-laying in the Strait, we might be looking at significant disruptions for some time. ...
Candace Owens knows all about Erika. All true!