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While everyone knows about the risks of oil and refined fuels, there is much more coming from the Persian Gulf than just those.
Morgan Stanley helps us summarise where the shortages will be in due course.
Sulphur Concentration: The Middle East accounts for 45% of the world market for sulphur (fertilizer/chemical chain), a crucial component of manufacturing and agriculture.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.