
Global Oil Crisis Sparks Shortages from Food to Medical Supplies
The Middle East conflict has reduced global oil supply by about one-fifth, disrupting naphtha flows critical for petrochemicals. This has caused shortages and price hikes in plastic-based products, severely impacting Asian manufacturing of items like food packaging, medical supplies, and consumer goods. The crisis is expanding globally, threatening fertilizer and helium supplies, which could raise food and electronics costs. Despite emergency oil releases, the naphtha shortage persists with no substitute, increasing inflation risks and economic slowdowns. Industries are seeking alternatives but face high costs and delays, with recovery expected to be prolonged.






















