#oil-crisis
The Iran war’s oil shock causes a plastic shortage in Asia, squeezing industries and prompting a ‘Middle East plus one’ rethink of supply chains
South Korea is probing firms suspected of hoarding syringes, which, alongside products like needles and gloves, are produced from petrochemicals.
Amidst the oil crisis, UAE withdraws from OPEC - Airfares worldwide rise unusually
Due to the military situation that has developed in the Middle East region, especially centered on Iran, a global energy crisis and economic instability have emerged. The almost complete closure of the Strait of Hormuz, through which about one-fifth of the wo…