Blogs & Articles
April 22, 2026

Beyond Oil: Helium, the Strait of Hormuz, and Market Adaptation

The current geopolitical shock is much more than an oil story. A multitude of byproducts and materials are affected by the disruption to the Strait of Hormuz, many of which play critical roles across agriculture, healthcare, manufacturing, mining, and consumer goods. In this piece, we take a high-level look at helium. It is critical to artificial intelligence, among other uses, and very difficult if not totally impossible to substitute. 

The helium market has experienced several supply shortages over the last several years and its particular attributes present a number of challenges for extraction, transportation, and storage. We take a look at current supply conditions and price movements, and explore a few ways the market could adapt.

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