Fake off – For more than a month, Téhéran has made it impossible for many oil tankers and merchant ships to pass through the Strait of Hormuz. Several publications on social networks claim that this puts the economies of many countries at risk.
“If the situation does not return to normal by May, the global economy will be hit by a historical crisis.” Alarmists, in recent days, have started listing possible impacts of the blockade of the Strait of Hormuz in several social media posts, mainly focusing on Asian and Oceanian countries outside Europe.
South Korea could transition to a “war economy,” and without the strait reopening in the coming months, Australians might be forced to “ration” in order to “save agricultural crops.” Countries like Sri Lanka, the Philippines, Thailand, and India have reportedly begun implementing “emergency measures” such as a maximum gasoline purchase quota and intermittent cuts to air conditioning to reduce energy consumption.
“Energy crisis,” “global recession”…does the blockade of this one strait truly have the power to paralyze the economies of so many countries?
FAKE OFF
Plastic shortage in South Korea
In South Korea, there is currently no talk of a “war economy,” but real problems regarding the production of certain products are starting to emerge. This is particularly the case for garbage bags, and more broadly speaking, the entire plastic chain. The Korean Plastics Industry Federation sounded the alarm on March 25, announcing that chemical sector industrialists…
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