Wood Mackenzie's latest report “The ripple effect: How conflict is impacting global metals & mining” shows that the Middle East conflict, which escalated in early 2026, is driving cascading disruptions across global metals and mining supply chains. The Strait of Hormuz’s closure and damage to regional metals processing capabilities precipitates wider knock-on effects to markets and costs. The region is important for exports of critical industrial inputs, including seaborne sulphur, liquefied natural gas (LNG), petroleum and chemical feedstocks. “What begins as an operational disruption in the Middle East is ... (full story)