international
How many products in your daily life are made from fossil fuels?
Key takeaways
- Crude oil is a mixture of different substances, many of which enter our materials systems.
- Even if the Strait returns to normal, that shock will keep sending prices up in a range of industries.
- Economic ripples will filter through to a plethora of products, such as plastics, fertilisers, building materials, industrial chemicals, and pharmaceuticals.
Why this matters: an international story with cross-border implications worth tracking.
Crude oil is a mixture of different substances, many of which enter our materials systems. (Unsplash: Zbynek Burival)
Link copied Share Share article. The crisis in the Strait of Hormuz almost immediately caused a fuel price shock felt in bank accounts around Australia.
Even if the Strait returns to normal, that shock will keep sending prices up in a range of industries.
Article preview — originally published by ABC Australia. Full story at the source.
Read full story on ABC Australia →
More top stories
Aggregated and edited by the Scoop newsroom. We surface news from ABC Australia alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop