Tag: Impact of Iran Israel war on oil market

Shipping delays may raise input costs from ore to finished steel Ceasefire offers relief, but structural power shortages remain key hurdle Iranian steelmakers were already grappling with chronic electricity shortage even before the recent conflict with Israel erupted. In 2024, Iran’s semi-finished steel exports averaged around 6.6-6.7 mnt, down by 15% from 7.8 mnt in…