Mideast Oil Crisis Chokes Asia's Plastic Supply
Asian plastic supply is disrupted by Middle East oil crisis, causing price hikes and production cuts, with macroeconomic implications for the region.
Asian plastic supply is disrupted by Middle East oil crisis, causing price hikes and production cuts, with macroeconomic implications for the region.
Iran warns Gulf infrastructure after a US 48-hour Hormuz ultimatum, raising risks for desalination, energy supply, and global fuel prices.
IEA's record 400 million barrel oil release failed to stabilize prices, which rose 10% to $100/barrel.
India's Russian crude oil imports surged to 1.5 million bpd in early March due to a Middle East supply crisis, facilitated by a U.S. waiver.
The Middle East conflict, driven by US-Israeli strikes on Iran, is escalating global energy and food insecurity, with oil prices soaring and a fertilizer crisis looming.
Italian PM Meloni condemned an attack on an Iranian girls' school, clarified Italy's non-involvement in Middle East interventions, and expressed nuclear proliferation concerns.
The Iran-Israel conflict reached its twelfth day with escalating attacks from both sides, including Israeli strikes on Lebanon and Iran, and Iranian missile retaliation.