Oil and aluminum production disrupted as Hormuz Strait tensions continue

Tensions and disruptions in the Strait of Hormuz, a critical waterway for global oil shipments, are affecting energy and industrial markets. Oil prices have climbed past $105 a barrel, and analysts warn they could reach $150 if the situation continues for two months.

In response to the shipping disruptions, Bahrain's Alba, the world's largest aluminum smelter, has shut down 19% of its production capacity. The UAE's Fujairah port is highlighted as a key alternative for oil trade as the situation in the Gulf continues.