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Hoarding adds to economic damage triggered by Iran war

From Diet Coke to diesel, governments around world battle to contain wave of stockpiling

With the stand-off in the Strait of Hormuz in its third month, governments around the world are struggling with a shared dilemma: how to prevent hoarders worsening shortages of products from petrol to syringes.

In scenes reminiscent of pandemic-era panic buying, South Koreans rushed to buy plastic rubbish bags after the Iran war led to the closure of the strait, disrupting global supply chains.

Australians cleared the shelves of jerry cans as drivers and farmers vied to stock up on fuel in rural areas. Social media posts on possible shortages of condoms went viral in China last month. 

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