You already know that the war in Iran has stoked inflation, but it’s not just for oil, gas, and fertilizer. The shutdown of the Strait of Hormuz has caused prices to “balloon” for another commodity that’s essential for everything from advanced medical equipment and automobiles, to drones, laptops, and even AI. In this video, GZERO’s Alex Kliment puts his pulmonary capacity on the line to bring you a special report on the highest-pitched crisis of all.

More For You

U.S. President Donald Trump and Chinese President Xi Jinping talk as they leave after a bilateral meeting at Gimhae International Airport, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Busan, South Korea, October 30, 2025.
REUTERS/Evelyn Hockstein

China has defied Western sanctions for years and buys as much as 90% of Iran’s oil exports.

Ukraine's Minister of Defence Mykhailo Fedorov speaks at a joint press conference with his Swedish counterpart Pal Jonson (not pictured), amid Russia's attack on Ukraine, in Kyiv, Ukraine, July 1, 2026.
REUTERS/Alina Smutko

Critics have said that Zelensky – now in his seventh year in office – has been in power for too long.