Leaked Documents: Food Shortages Threaten in Britain
The UK has begun planning for food shortages as part of a possible worst-case scenario if the Strait of Hormuz remains closed, according to leaked government documents seen by The Times.
According to the document, which maps out the possible effects if the Iran war does not end before the summer, food shortages could arise due to a lack of carbon dioxide supplies. The gas is used to slaughter animals on an industrial scale and to extend the time that fruit and vegetables stay fresh.
The authorities' assessment is that the food shortage would not be acute, but could lead to a lack of variety, social unrest and greater pressure on other parts of society.
Japan pledges ten billion dollars to countries in Asia
Japan is pledging to provide ten billion dollars to help its neighboring countries as a result of the oil crisis caused by the war in Iran, reports the BBC.
The Iran war is hitting hard on countries in Asia, which are heavily dependent on the Strait of Hormuz, where around 90 percent of all oil and gas passing through the strait is tied to the region. This is primarily the case for countries in Southeast Asia, which export a large amount of petroleum-based products to Japan. The products are used in healthcare, among other things.
– Japan is closely connected to every Asian country through supply chains and is mutually dependent on them, says Japanese Prime Minister Sanae Takaichi.
The financial support is said to be equivalent to one year's import of crude oil for the countries in the Association of Southeast Asian Nations
Warning: Europe's jet fuel will run out in six weeks
Europe's jet fuel will last for "maybe six weeks" if the Strait of Hormuz is not reopened, Fatih Birol, head of the International Energy Agency, IEA, told the AP.
He describes the war in Iran and the ongoing blockade of the strait as the biggest energy crisis ever.
— The longer this drags on, the worse it will be for world growth and inflation.
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