Strait of Hormuz closed, trade in disruptions, and crude oil price is on rise - what do they all mean for global aluminum market?

Source: AL Circle Mar 04, 2026 14:30

The escalating tensions surrounding the US-Israel conflict with Iran percolating down to the entire Middle East have triggered economic shockwaves across the globe. Aluminum and oil sectors are particularly vulnerable, and for obvious reasons. The Middle East is a pivotal region in aluminum production and oil extraction and also controls the world trade of these two commodities through the Strait of Hormuz, one of the most critical maritime shipping routes connecting the Persian Gulf to the Gulf of Oman and the Arabian Sea.

Annually, the Strait of Hormuz handles an export volume of 5.14 million tonnes of primary aluminum, accounting for around 75 per cent of the region's total production. Additionally, it serves as the passage for 20 to 21 million barrels of crude oil and petroleum liquids daily, representing 20 to

Price Curve

Daily Prices

Aluminum billet prices: Wuxi

Mar 04, 2026 11:56
Aluminum prices: Zibo

Mar 04, 2026 11:46
Aluminum prices: Linyi

Mar 04, 2026 11:46
Aluminum prices: Tianjin

Mar 04, 2026 11:46
Aluminum prices: Chongqing

Mar 04, 2026 11:45

Mysteel Global WhatsApp business account

Customer Service: globalsales@mysteel.com