With the Strait of Hormuz effectively closed due to the ongoing war with Iran, oil prices have surged to more than $100 per barrel. But oil is not the only crucial commodity facing a supply chain crunch.
About a third of the world's commercial helium supply comes from Qatar, where the gas is produced as a by-product of natural gas extraction. Getting that helium to the global market requires shipping through the Strait of Hormuz, and its closure is putting an upward pressure on prices.
