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Not just oil: Fertiliser and helium are at risk in the Strait of Hormuz standoff

Since the start of the Middle Eastern conflict nearly a month ago, analysts have kept their eyes glued to the latest energy market data. On 2 March, Iran declared the Strait of Hormuz, a waterway which is responsible for shipping roughly one fifth of the world’s oil and gas, was “closed” and oil prices have [...]

Mar 24, 2026 &03102424202631; 13:10 UTC www.cityam.com Trending 4/5

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Negative for markets

Sentiment score: -35/100

High impact Medium-term (weeks)

WHAT THIS MEANS

Iran's closure of the Strait of Hormuz threatens 20% of global oil/gas transit plus fertiliser and helium supplies. News is 185 minutes old and markets have already absorbed the initial shock with minimal S&P 500 reaction (-0.08%) and stable VIX.

AI CONFIDENCE

42% Moderate

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

⇅

Oil (WTI Crude)

CL=FCommodity

High volatility expected

Oil already reacted to Hormuz closure threat; further moves depend on escalation confirmation, not stale headlines

⇅

S&P 500

^GSPCIndex

High volatility expected

S&P 500 showing minimal reaction (-0.08%) suggests market has priced in geopolitical risk; no clear directional edge

⇅

Euro / US Dollar

EURUSDCurrency

High volatility expected

Safe-haven flows already embedded; stale news unlikely to drive fresh currency moves

PRICE HISTORY

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⚡ SUGGESTED ACTION

SKIP THIS TRADE. The Hormuz closure threat is old news with minimal market reaction already observed. No unexpected catalyst remains. Wait for NEW escalation confirmation or de-escalation signals before trading directionally. [PRICED_IN] [MOVE:0.3%]

KEY SIGNALS

News is 185 minutes old — market has had time to digestS&P 500 down only 0.08% — no panic sellingVIX stable at 26.25 — fear already priced inMulti-commodity risk (oil, fertiliser, helium) but no fresh catalyst

SECTORS INVOLVED

EnergyAgriculture (Fertiliser)Industrial GasesShipping/Logistics

Analysis generated on Mar 24, 2026 at 16:15 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by City AM. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Not just oil: Fertiliser and helium are at risk in the Strait of Hormuz standoff

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