The Prehn Institute
Briefing

The Double Whammy

22 pages · 25 September 2026 · Felix Prehn

Russia has banned sulphuric acid exports for the rest of the year, months after China restricted its shipments. About half the world's sulphur comes from the Middle East and leaves through the Strait of Hormuz, the 21-mile passage carrying a fifth of global oil, with crude near $107. The briefing examines how an energy squeeze and a fertiliser shortage arriving together point towards money creation, and how large institutions have positioned.

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The briefing is educational and is not financial, investment or tax advice.

Cover of The Double Whammy