How Persian Gulf conflict could impact the international commodities market

Japan, India and South Korea would be some of the most vulnerable economies to a Persian Gulf war due to their heavy dependence on the region's crude

Surging oil and gas prices, skyrocketing insurance costs and attacks on energy and banking infrastructure are likely to follow quickly if Iran’s seizing of two UK-linked tankers spirals into outright war.

A lengthy conflict in the Persian Gulf could help tip the US and global economies into recession and even accelerate the worldwide move away from fossil fuels. Here’s what some top oil, commodity and geopolitical analysts see as the most likely outcomes.
 

Will the Strait of Hormuz be shut down?
 

In a limited confrontation the flow of oil and other commodities should continue through the strait, with the caveat that