PNN – The Guardian wrote in a report: The longer the Strait of Hormuz remains closed, the more the world’s emergency stocks of oil and other vital goods will be depleted.
According to the report of Pakistan News Network; The Guardian, in a report on US tensions that have led to insecurity in the Strait of Hormuz, wrote: The longer this waterway remains closed, the more emergency reserves of oil and other vital goods will decrease, and this will have a devastating impact on the economy.
The Guardian added in its report: Even if the channel (Strait of Hormuz) were to be fully reopened tomorrow, it could take months for supply chains to return to normal. Statistics suggest that the hit to some goods could continue long after the Strait of Hormuz reopens. For chemicals, it could take months for things to return to normal.
The report added: (For example) With just over a week of war, US-listed carmaker Lucid Motors was confident that its plans to produce electric cars in Saudi Arabia would not be affected. Last week, the company warned that the conflict had “disrupted the supply of critical materials to our manufacturing processes” and that it was facing the possibility of “significant increases in the price of raw materials or components.”
The Guardian noted that more companies are being forced to accept the possibility of running out of critical inputs. Some executives and analysts worry that such reports of disruption and shortages are just a foretaste of what lies ahead.