We’ve been hearing a lot about oil and where we get it from since the war in Iran broke out, so in light of that we’re taking a closer look at how the supply chain works. As we’ve come to realise, oil - and the price of it - affects a lot more than how much we pay for a tank of fuel. So in this Squiz Shortcut, we’ll get you across how it all works, how we’re tackling disruptions caused by the Iran war, and what our options are.
Squiz Recommends:
Reading: This SBS article demonstrates our supply chain in charts. We found it helpful for understanding our situation…
Reading: This story from The Guardian which details all the ways the disruption in the Strait of Hormuz is impacting us here in Oz - and along with the rise in fuel prices, there’s also increased sales of electric vehicles, a rise in the cost of plastic packaging and a shortage of helium gas which is used to power MRI machines in hospitals.
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