It is not just oil. Lots of fertilizer, Helium and alluminium also come via Hormuz.
Iran ironically helping us get off the oil and plastic koolaid.
Iran has done more for renewable energies than anyone else.
This isn’t surprising, 20% of the world’s supply of literally anything would have profound impacts with how tightly coupled the world supply chain is. When that resource is a basic need such as petrol, things tend to become dramatic quite quicly
If this helps Asia get off its addiction to wrapping absolutely everything in about 5 layers of plastic, there may be an upside here.
(For the uninitiated: if you buy a packet of biscuits in Europe, you’ll get a cardboard box, maybe one interior wrap of plastic, and the biscuits. The same packet of biscuits in China will see every two biscuits wrapped in its own sealed plastic bag. Each of those will have a small plastic bag of “oxygen remover” for God knows what reason. The bags will all then be carefully nestled into a thick plastic tray. The whole lot will then get another layer of plastic wrapped around it. Everything is like this there (and most of South East Asia in my experience) - it’s genuinely nuts.)
I’m totally judging that article by the AI image they used. Negative view even before I open the link.
All 4 images in the article are real photographs credited to a specific photographer with a date…
Which one is AI?
The ones with tricycles. Or maybe they edit out all identifiable brands. But it still feels off.
Those are called Tuk Tuks, they’re very common in Thailand and other parts of Asia
