Japanese crisp bags turn black and white due to Iran war
Summary
Global oil prices have risen due to ongoing conflict between the US and Iran over the Strait of Hormuz. This has caused supply problems, leading Japanese snack company Calbee to temporarily change its packaging from color to black and white because of shortages in printing ink made from petrochemicals.Key Facts
- Oil prices, including Brent crude, have climbed to nearly $110 a barrel.
- The conflict involves a standoff between the US and Iran at the Strait of Hormuz.
- Both countries have rejected each other's ceasefire proposals.
- Calbee, a Japanese snack maker, uses petrochemical-based ink for packaging.
- Due to ink supply issues caused by the conflict, Calbee switched some packaging to black and white.
- Products affected include crisps and prawn crackers.
- The supply instability is linked to disruptions in petrochemical materials needed for ink.
- The oil industry is losing about 100 million barrels per week due to the Strait of Hormuz shutdown.
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