TIME(@TIME):The Strait of Hormuz closure hasn’t just stopped the flow of natural gas and crude oil, it has also made it more difficult to get refined products—everything from jet fuel to cooking fuel—to market. In theory, both the rapid price increases and the present volatility should provide a strong incentive to invest in alternative fuels. The reality is more complicated.

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2026.08.01 12:41

The Strait of Hormuz closure hasn’t just stopped the flow of natural gas and crude oil, it has also made it more difficult to get refined products—everything from jet fuel to cooking fuel—to market. In theory, both the rapid price increases and the present volatility should provide a strong incentive to invest in alternative fuels. The reality is more complicated.