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War in Iran causes a global oil crisis

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War in Iran causes a big crisis. The Strait of Hormuz is blocked. This is an important way for oil ships. Now the world lacks oil. People notice this in their daily life. In Japan a big chip company uses black and white boxes. Color needs oil for production.

Other countries also have big worries. In India the leader asks people for help. They shall use less cooking oil. They shall buy less gold. This saves money for the country. In Pakistan kitchens often have no gas. Women must wake up very early. Only then they get gas for cooking.

Farmers in Thailand also have problems. Fertilizer is very expensive now. Fertilizer needs raw materials from oil. Many farmers earn no money now. Experts warn of hunger in the world. Poor countries suffer most from high prices. They have no money for hard times.

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Definitions

Strait of Hormuz
This is a narrow water way. Many oil ships sail there.
Naptha
This is a liquid from oil. People use it for colors.
Money reserves
Countries need foreign money to buy goods.

People

Narendra Modi
He is the leader of India.
Amin Nasser
He is the boss of a big oil company.

Locations

Japan
An island country in East Asia.
India
A very large country in South Asia.
Pakistan
A country in South Asia next to India.

Sources

Logo The Guardian
The Guardian

Iran war oil shortage forces Japan snack giant to use black-and-white packaging

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Logo Al Jazeera
Al Jazeera

Global energy crisis highlights meagre oil buffers in developing world

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Logo Standard
Standard

Öl wird knapper: Am Weltmarkt fehlt rund eine Milliarde Barrel Rohöl

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Logo SRF
SRF

Krise auf Reisfeldern: Wie der Iran-Krieg Thailands Bauern trifft

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Logo Al Jazeera
Al Jazeera

‘Whole morning revolves around gas’: Pakistan’s fuel crisis enters kitchens

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