When people think about the Strait of Hormuz, they think about oil tankers, LNG carriers, naval escorts, insurance premiums, and the price of gasoline. They generally do not think about yellow piles of sulfur beside gas plants, phosphate fertilizer complexes, or the acid circuits that keep copper and nickel processing running. They should. The current sulfur price spike is not just another commodity-market twitch. It is a preview of a future in which the cheap sulfur system created by oil and gas cleanup is much smaller, while much of the demand for sulfur remains…