Flights, fertilizer, mortgage rates: how the Iran war is raising more than just US gas prices
Oil is used to power the supply chain, from machines that manufacture a cellphone to diesel that powers a truckFertilizer. Phones and laptops. Flights. These are just some of the products made from or powered by crucial materials that ship through the strait of Hormuz, which still remains effectively closed due to the US-Israel war on Iran.As the war approaches its fifth week, global oil shortages are forcing countries to take severe measures to save their reserves as Iran continues to block oil shipments. Continue reading...
Oil is used to power the supply chain, from machines that manufacture a cellphone to diesel that powers a truck
Fertilizer. Phones and laptops. Flights. These are just some of the products made from or powered by crucial materials that ship through the strait of Hormuz, which still remains effectively closed due to the US-Israel war on Iran.
As the war approaches its fifth week, global oil shortages are forcing countries to take severe measures to save their reserves as Iran continues to block oil shipments. Continue reading...
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