New Delhi, March 25 -- The disruption of trade through the Strait of Hormuz is not only impacting global oil and gas markets but is also affecting several other key industries dependent on commodities sourced from the Middle East, according to a report by UBS.

The report highlighted that while oil and gas remain the most visible commodities affected by the ongoing conflict, a broader set of supply chains is also under strain due to the blockage of this critical trade route.

It stated, "While oil and gas are the globally relevant high profile commodities that have been unable to pass through the Strait of Hormuz since the start of the conflict, there are other commodities for which the region is an important source for global supply chai...