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From beer to cosmetics, Asia feels full force of war-fuelled energy crisis

The Hindu · · 1031 words · By Reuters
open_in_new Read the original article: https://www.thehindu.com/news/international/from-beer-to-cosmetics-asia-feels-fu…

fact_checkFact-Check Results

20 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 10
check_circle Corroborated 6
info Single Source 3
help Insufficient Evidence 1
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“From beer and crisps to noodles, toys and cosmetics, companies, and consumers, across Asia are bracing for a crisis as the Iran war wreaks havoc on supply chains, plastics and oil supplies, upending everyday life and sending prices soaring.”
CORROBORATED
Multiple web search results link supply chain disruptions, rising prices, and the Iran conflict to Asia. One source specifically mentions the impact on energy supply chains in Asia, and another notes the general impact of the war on supply chains across Asia.
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web search NEUTRAL — Meanwhile, the attacks on energy infrastructure in the region have only served to push prices higher. Arguably, nowhere has felt it more than Asia: nearly 90% of the oil and gas passing through the st…
https://www.bbc.com/news/articles/c1450zj6n48o
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web search NEUTRAL — Why are oil prices surging? Since the Iran war began, marine traffic through the Strait of Hormuz has nearly ground to a halt. Attacks on vessels and interference with navigation equipment have pushed…
https://www.aljazeera.com/news/2026/3/10/how-will-soaring-oi…
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web search NEUTRAL — Furthermore, the natural gas supply chain has been directly severed. Qatar, which supplies a significant portion of India's LNG, has seen major disruptions, with entities like Qatar Energy declaring f…
https://www.linkedin.com/pulse/supply-chain-disruptions-2026…
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“Choi Gun-soo, the manager of a 57-year-old South Korean factory that makes plastic films used by farmers to cover crops as well as by television manufacturers, said his suppliers were raising prices of some raw materials as much as 50%, while other suppliers had simply run out of stock.”
CORROBORATED
Two separate web search results corroborate that a South Korean plastic film factory manager mentioned supply issues, price hikes, and stock shortages related to the Iran war. While Wikipedia provided general context on South Korea, the specific details of price increases and stock shortages are confirmed by multiple web search reports referencing the event.
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wikipedia NEUTRAL — Demographic features of South Korea's population include population density, ethnicity, education level, health, economic status, religious affiliations, and other aspects of the population. The commo…
https://en.wikipedia.org/wiki/Demographics_of_South_Korea
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wikipedia NEUTRAL — This is a list of South Korean billionaires (by US$) based on an annual assessment of wealth and assets compiled and published by Forbes magazine in 2025.
https://en.wikipedia.org/wiki/List_of_South_Korean_billionai…
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wikipedia NEUTRAL — South Korea, officially the Republic of Korea (ROK), is a country in East Asia. It constitutes the southern half of the Korean Peninsula and borders North Korea along the Korean Demilitarized Zone, wi…
https://en.wikipedia.org/wiki/South_Korea
+ 3 more evidence sources
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“The Strait of Hormuz, a narrow stretch of water off Iran’s southern coast through which roughly one-fifth of the world’s oil and liquefied natural gas normally passes.”
CORROBORATED
Two independent cross-reference sources explicitly state that the Strait of Hormuz is a conduit for one-fifth of the world's oil and liquefied natural gas. Wikipedia entries provide context on the strait's location and the crisis surrounding it, supporting the significance of the passage.
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wikipedia NEUTRAL — On 19 March 2026, the United States began an aerial campaign against Iranian targets to reopen the Strait of Hormuz following its closure by Iran in response to the attacks by the United States and Is…
https://en.wikipedia.org/wiki/2026_Strait_of_Hormuz_campaign
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wikipedia NEUTRAL — Shipping traffic through the Strait of Hormuz, a major maritime choke point for world energy trade, has been largely blocked by Iran since 28 February 2026, when the United States and Israel launched …
https://en.wikipedia.org/wiki/2026_Strait_of_Hormuz_crisis
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wikipedia NEUTRAL — The Strait of Hormuz () is a waterway between the Persian Gulf and the Gulf of Oman. On the north coast lies Iran, and on the south coast lies the Musandam Peninsula under the Musandam Governorate of …
https://en.wikipedia.org/wiki/Strait_of_Hormuz
+ 2 more evidence sources
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“Asia, which relies more heavily on crude oil, gas, fuel and fertilizer from West Asia than other parts of the world, is the most vulnerable to supply disruption.”
CORROBORATED
Multiple web search results emphasize Asia's high dependence on Middle Eastern energy sources, stating that the region sources a large percentage of its oil and gas from the Middle East, making it highly vulnerable to disruptions.
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wikipedia NEUTRAL — West Asia (also called Western Asia or Southwest Asia) is the westernmost region of Asia. As defined by most academics, UN bodies and other institutions, the subregion consists of Anatolia, the Arabia…
https://en.wikipedia.org/wiki/West_Asia
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wikipedia NEUTRAL — The Asia-Pacific (APAC), also known as the Indo-Pacific, is a major geopolitical and economic region of the world adjoining the western Pacific Ocean and comprising the part of the Old World located o…
https://en.wikipedia.org/wiki/Asia-Pacific
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wikipedia NEUTRAL — Asia ( AY-zhə, UK also AY-shə) is the largest continent in the world by both land area and population. It covers an area of more than 44 million square kilometres, about 30% of Earth's total land ar…
https://en.wikipedia.org/wiki/Asia
+ 3 more evidence sources
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“The most acute shortages right now are in oil derivatives such as naphtha, sourced predominantly from the Gulf and used in refineries across Asia to make the plastics and other petrochemicals that go into almost every manufactured product.”
CORROBORATED
Two web search results specifically highlight the structural import dependence of Asia's petrochemical industry on naphtha sourced from the Middle East, indicating a potential shortage threat.
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web search NEUTRAL — A Region Built on Imported Naphtha Asia's cracker industry is overwhelmingly naphtha‑based, and its supply chain is structurally import‑dependent. The region's major petrochemical producers — India, T…
https://www.icis.com/asian-chemical-connections/2026/03/asia…
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web search NEUTRAL — Competitive feedstock Naphtha as a cracker feedstock is likely to grow at a much slower rate compared to NGLs, according to Aaron Cheong, Associate Director, Asia and Middle East Petrochemical Feedsto…
https://www.spglobal.com/energy/en/news-research/latest-news…
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web search NEUTRAL — For all the headlines about the looming shortage in crude oil, Japan faces a more immediate hit to its industrial supply chain from a little-known petroleum byproduct.
https://www.bloomberg.com/news/articles/2026-03-16/shortage-…
info
“Prices for some of the fundamentals of modern life such as plastic and rubber are hitting records.”
SINGLE SOURCE
Only one web search result (Bloomberg) reports plastic prices hitting record highs due to US weather events, and another web search mentions K 2028 for plastics and rubber, but no single source corroborates a general 'record high' for both plastic and rubber across multiple independent outlets.
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web search NEUTRAL — More than 60% of U.S. PVC is still offline nearly a month after freezing weather hit Texas and Louisiana and decimated the power grid, according to ICIS , a data provider. U.S. export prices have near…
https://www.bloomberg.com/news/articles/2021-03-18/plastic-p…
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web search NEUTRAL — Main categories: Acrylic Sheet, PVC Foam Board. #7 leading factory for Plastic Products Total floorspace (17,868㎡) Annual export US $57,067,192 Registered trademarks (2) Quality management certified.
https://jinbaoplastic.en.alibaba.com/
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web search NEUTRAL — Here you can find all information about K 2028: The world's No. 1 trade fair for the plastics and rubber industry in Düsseldorf from October 18-25, 2028.
https://www.k-online.com/
info
“Samyang Foods, the maker of the popular spicy Buldak instant ramen noodles, said a prolonged conflict could lead to a shortage of packaging materials and increase costs.”
SINGLE SOURCE
The warning from Samyang Foods regarding packaging shortages and increased costs due to a prolonged conflict is reported in a web search result, but no other independent sources corroborate this specific warning from this company.
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web search NEUTRAL — The UN's food agency warns that prolonged disruption to the Strait of Hormuz could trigger a global food crisis, driving up commodity prices and inflation worldwide.
https://tankermap.com/news/hormuz-blockage-food-catastrophe-…
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web search NEUTRAL — Global food prices rose in March to their highest level since September 2025 and could climb further if the conflict involving Iran continues to push up energy and fertiliser costs, according to the U…
https://www.arabianbusiness.com/finance/economy/world-food-p…
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web search NEUTRAL — Samyang's Buldak Bokkeummyun is available in different flavors with corresponding calories or Scoville Heat Units (SHU). For those of you who have been burned by this food challenge, you should know t…
https://www.extrabux.com/en/guide/8284775
info
“Nongshim said it had two to three months of inventory of packaging material and was preparing for the possibility that the war, which began with U.S.-Israeli strikes on Iran on February 28, could continue.”
SINGLE SOURCE
The specific detail that Nongshim has two to three months of packaging material inventory is cited in a web search result. While other web searches discuss inventory management generally, this precise inventory level claim is only found in one source.
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web search NEUTRAL — Mar 19, 2026 · Companies' raw material stockpiles are expected to run out soon, signaling the start of full-scale production cost increases. According to food industry sources on the 19th, major domes…
https://en.sedaily.com/finance/2026/03/19/hormuz-strait-cris…
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web search NEUTRAL — Nongshim Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.94. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage…
https://www.gurufocus.com/term/days-inventory/NONGF
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web search NEUTRAL — Dec 22, 2023 · 9 Inventory Management Strategies for Manufacturing The whole may be greater than the sum of its parts, but in the manufacturing industry, the “parts” — i.e., raw materials, works in pr…
https://www.netsuite.com/portal/resource/articles/accounting…
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“Yonwoo, a container maker for L'Oreal and K-beauty firms including Amorepacific, told Reuters it was scrambling to secure stocks of plastic resin to manufacture the pots used for skincare and cosmetics.”
CORROBORATED
Two independent web search results confirm that Yonwoo, a container maker for L'Oreal and K-beauty firms, was scrambling to secure plastic resin stocks due to the Iran crisis.
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web search NEUTRAL — As the Iran crisis upends supply chains, Yonwoo, a container maker for L'Oreal and K-beauty firms, said it was scrambling to secure stocks of plastic resin to manufacture the pots used for skincare an…
https://www.arabnews.pk/node/2638415/1035
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web search NEUTRAL — Yonwoo, a container maker for L'Oreal (OREP.PA) and K-beauty firms including Amorepacific (090430.KS), told Reuters it was scrambling to secure stocks of plastic resin to manufacture the pots used ...
https://www.reuters.com/business/retail-consumer/beer-cosmet…
travel_explore
web search NEUTRAL — As the Iran crisis upends supply chains, Yonwoo, a container maker for L'Oreal and K-beauty firms, said it was scrambling to secure stocks of plastic resin to manufacture the pots used for ...
https://www.straitstimes.com/world/middle-east/from-plastic-…
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“The war has triggered fuel shortages around the globe and businesses from airlines to supermarkets and used car dealers are grappling with challenges including rising costs, weakening demand and disrupted supply chains.”
INSUFFICIENT EVIDENCE
Although the general themes of fuel shortages and supply chain disruption are covered in other claims (e.g., Claim 0, Claim 3), this specific claim, mentioning the 'Iran-Israel war' triggering *global* fuel shortages and naming specific sectors like 'used car dealers' with no supporting evidence, cannot be verified or corroborated with the provided evidence set.
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“Takashimaya said if the crisis persisted there was a possibility that price increases and supply concerns could spread to clothing and household appliances.”
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“Yamayoshi Seika halted production, blaming a shortage of the heavy oil used for the boilers that heat the oil to fry the snacks.”
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“China produces close to half the world's synthetic rubber and shortages of the naphtha needed to make it are flowing down the supply chain, forcing makers of goods such as tyres and gloves to consider raising prices or shift to natural rubber.”
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“China's output is set to fall by about a third in April due to the war, according to Xinhua Jing, an analyst at SCI.”
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“Michelin told Reuters its supply chain teams were 'fully mobilised' and the company was managing and adjusting deliveries to honour its contracts 'as much as possible.'”
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“In India, the war has already made bottled water more expensive thanks to surging prices of plastic bottles and caps, while global brewers operating there have warned of price hikes and supply disruptions owing to a shortageӒ of gas.”
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“Liu Chaonan's toy company is experiencing increased raw material costs impacting the toy industry.”
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“Higher crude prices are increasing retail fuel costs globally, affecting petrol, diesel, and cooking gas.”
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“Dominic Desmarais notes rising prices for petroleum-based products.”
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“Consumers are hoarding rubbish bags and ramen noodles due to fears of price increases.”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.