US-Israeli war on Iran causes shortage of global sulfuric acid supplies: Report
The US-Israeli war on Iran has triggered a shortage of global sulfuric acid supplies used in a wide range of industries, according to a report.
The Wall Street Journal (WSJ) reported on Saturday that a large share of the world’s sulfur comes from Persian Gulf oil refineries and gas plants whose supplies were cut off due to the imposed war on Iran.
The US and Israel launched an unwarranted war on Iran on February 28, assassinating the Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei and high-ranking Iranian military and security officials.
Amid the rapid deterioration of security in the region, the continued US-Israeli aggression against Iran led to Tehran’s closure of the Strait of Hormuz to stop the belligerent acts of terrorism and control any illegal movement through the important waterway.
Developments from the war in West Asia have negatively impacted the global sulfuric acid supplies, resulting in its higher prices, the WSJ reported.
The US-based daily said, “Sulfuric acid is used to produce phosphate fertilizers, leach copper and other metals from rock, pulp wood, pickle steel, tan leather, and vulcanize rubber.”
“A large chunk of the world’s sulfur comes from Persian Gulf oil refineries and gas plants and has been choked off at the Strait [of Hormuz],” it continued
According to the paper, another factor contributing to the global shortage has been China’s decision to impose restrictions this month on the export of sulfuric acid.
Freda Gordon, Director at Acuity Commodities, was cited by WSJ as saying that the growing threat to fertilizer markets and food supply prompted Beijing to impose the restrictions on its exports.
The expert on sulfur markets told WSJ that Beijing’s decision to limit exports is also “boosting prices and further straining availability.”
China is the world’s number one manufacturer of sulfuric products used in many different industries such as agriculture, food, detergents, and electronics.
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