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Maroc Maroc - WN.COM - Business - 19/Mar 20:00

Iran war rattles the global aluminium supply chain

The US-Israeli war on Iran is now in its third week and its impact on Gulf aluminium production and exports is accelerating disruption across an already fragmented physical supply chain. Two Gulf smelters are curtailing capacity, and the continued closure of the Strait of Hormuz threatens ‌more output cuts. The Middle East accounts for around 9% of global aluminium production — a metal essential to construction, transport and renewable ​energy. Remove China out of the equation and that ‌ratio rises to over 20%. Take out Russia too — the reality for US and European manufacturers under sanctions over its ‌Ukraine invasion — and it rises ⁠higher still. The impact is compounded by ‌low...

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Oil surges past US$100 as US-Israel war with Iran rattles supply

nst.com.my - 08/Mar 22:55

TOKYO: US crude futures rose more than 20pct in early trade on Monday, hitting their highest since July 2022, as the expanding US-Israeli war with...

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Iran war-related oil crisis creates some market winners and losers

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IEA releases 400 million barrels of emergency oil reserves as Iran war disrupts Strait of Hormuz supply

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The IEA will release more than 400 million barrels of oil reserves as conflict around the Strait of Hormuz rattles global markets.

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