Hormuz Blockade Economic Impact

Global advertising revenue growth is projected to fall by nearly $50 billion this year as brands pull back spending in response to rising energy costs.

In Asia, rice farmers are facing a ticking clock as the conflict threatens the fertilizer supplies needed for their harvests.

Major airlines, including Virgin Atlantic, have already begun hiking ticket prices by hundreds of pounds to offset the soaring cost of jet fuel.

The International Energy Agency has warned that the crisis will 'redraw the global energy map' in real terms if a peace deal is not reached soon.