Gulf oil shock deepens crisis for Asia’s petrochemicals industry
Japan and South Korea exposed to shortages of key component for plastics
Economic news
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The illicit Iranian oil hiding in plain sight
Shipments provide a vital source of income for Iran and allow China to stock up large reserves
Oil price shocks create many losers, but some winners too
Offsetting the higher prices, energy companies have to contend with disruption where they have people and assets
Gulf states lose $15bn in energy revenues since start of war
Millions of barrels of crude oil remain trapped by shutdown of the Strait of Hormuz