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Refiners, Heavy Industries Continue to Suffer Impact of Iran Crisis
Summary by The Korea Times
5 Articles
5 Articles
Refiners, heavy industries continue to suffer impact of Iran crisis
Korea’s refiners and chemical companies face a worsening supply crunch in crude oil and petrochemical feedstock following the latest warning from U.S. President Donald Trump that the country would strike Iran “extremely hard” for the next two or three weeks. Uncertainty has intensified as Iran's de facto closure of the Strait of Hormuz, a critical chokepoint accounting for roughly a fifth of global crude shipments, looks set to persist. Overseas…
·Korea (the Republic of)
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epochtimes.de+3 Reposted by 3 other sources
Even before the Iran war, the chemical industry suffered from a marked shortage of orders, which intensified further in March. In addition, the sharply increased costs for crude oil, raw materials and energy - the current business situation is poor.
Coverage Details
Total News Sources5
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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