“Very damaging”: how the Iran war is hitting energy-intensive industries
Rising energy costs linked to the ongoing conflict in Iran are severely affecting energy-intensive industries in the UK and Europe—not only steel and chemicals, but especially aluminium, a strategic metal for many sectors. Soaring gas prices are forcing companies to reconsider operations and calls for pricing reforms.
The chemicals sector, already struggling, has seen production drop sharply, while smaller companies face existential risks due to volatile energy prices. These pressures echo the wider economic strain seen in global energy markets.
Disrupted shipping through the Gulf and elevated energy costs are raising concerns about supply chains for raw materials and industrial inputs, with knock‑on effects for agriculture, transportation and broader manufacturing.
The full article published by The Guardian is available here.
