Global oil and gas prices have skyrocketed as war halts energy exports from the Middle East. The strait of Hormuz, a narrow passage of water that facilitates the shipping of about a fifth of the world’s oil, has been in effect closed since the regional war began, prompting fears of a global economic crisis. According to reports, traffic has dropped by about 80%, but how long until we feel the effects? Nosheen Iqbal speaks to the Guardian’s head of business, John Collingridge <strong>– </strong><a href="https://www.youtube.com/@todayinfocuspodcast" rel="nofollow"><strong>watch on YouTube</strong></a>. Help support our independent journalism at <a href="https://www.theguardian.com/infocus">theguardian.com/infocus</a>

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