fake off – For more than a month, Tehran has been making it impossible for many oil tankers and merchant ships to pass through the Strait of Hormuz. This has put the economy of many countries at risk, according to several publications on social media.
“If the situation does not return to normal by May, the global economy will be hit by a historic crisis,” some netizens have been saying in recent days, listing possible impacts of the blockade of the Strait of Hormuz in publications on social media, mainly focusing on countries in Asia and Oceania outside of Europe.
As a result, South Korea could move into a “war economy” and without the strait reopening in the coming months, Australians may currently be forced to “ration” to “save agricultural crops.” Countries like Sri Lanka, the Philippines, Thailand, and India have already begun applying “emergency measures” such as a maximum fuel purchase quota and intermittent air conditioning cuts to reduce energy consumption.
“Energy crisis,” “global recession”… Can the blockade of just one strait really have the power to paralyze the economy of so many countries?
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The Struggle with Plastic in South Korea
If in South Korea, there is currently no talk of a “war economy,” real problems regarding the production of certain products are starting to emerge. This is particularly the case with garbage bags, and more broadly with the entire plastic chain. The Korean Federation of Plastic Industry has sounded the alarm on March 25, announcing that chemical sector…
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