How Iran war has triggered soaring cost of medicines
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How Iran war has triggered soaring cost of medicines
"Pharmacists have noted a spike in the price of medicines and contraceptives like condoms, as a result of the war. In the United Kingdom, pharmacies are charging 20 to 30 percent more for over-the-counter medicines, and the common painkiller paracetamol has more than quadrupled in price."
"Since the early days of the war, Iran has blocked the Strait of Hormuz, through which 20 percent of the world's oil and liquefied natural gas supplies are shipped in peacetime. Experts say this has also disrupted pharmaceutical supply chains, which are reliant on the oil supply."
"Wouter Dewulf, a professor at the University of Antwerp in Belgium, warned that while pharmaceutical supply chains are not in immediate danger, medicines are highly exposed to air logistics, which have been disrupted through the war."
Pharmacists in various countries have reported dramatic price increases for painkillers and contraceptives due to the US-Israel war on Iran. In the UK, over-the-counter medicines have risen by 20 to 30 percent, while paracetamol prices have quadrupled. In India, common painkillers have seen price hikes of up to 96 percent. The war has blocked the Strait of Hormuz, disrupting oil supplies and pharmaceutical logistics. Experts indicate that pharmaceutical supply chains are vulnerable due to reliance on oil and fragile logistics routes, particularly for temperature-sensitive medicines.
Read at www.aljazeera.com
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