Iranian drones cost less than $50,000 to build and launch. Yet they are taking down multi-billion-dollar fixed assets all across the Persian Gulf.
Just a few examples: Bahrain's sole oil refinery, previously running over 400,000 bpd; the largest Mideast refinery, in the UAE, with capacity of over 900,000 bpd; the world's busiest international airport; the American...
Fertilizer prices are skyrocketing as cargo ships are denied access through the Gulf of Hormuz.
Major natural gas refineries, which source massive volumes of urea and other nitrogen-based nutrients, are offline and have declared Force Majeure on previous contracts.
Food prices are closely correlated with crude and diesel fuel costs, and will go...
