Europe’s industrial core is being hit by the Iran war in a way that is both immediate and cumulative. Companies across chemicals, plastics, metals, textiles and consumer manufacturing are now dealing with another sharp rise in raw-material and energy costs after already absorbing the pandemic shock, the post-Ukraine energy crisis and U.S. tariffs.

In Germany, the pressure is especially acute because many firms entered this latest disruption with margins already eroded and little room left to absorb another cost wave.

Malaysia’s state energy company Petroliam Nasional (Petronas) announced on Friday that the firm will deliver its first liquefied natural gas (LNG) cargo from the LNG Canada project to Japanese city gas provider Toho Gas in July. The shipment marks a milestone for Petronas, which holds a minority stake in LNG Canada, a major export project in British Columbia led by Shell.

Speaking at an energy conference in Tokyo, Shamsairi Ibrahim, Petronas’ vice president of LNG marketing and trading, also confirmed that the company’s third floating LNG project is scheduled to begin production in 2027, expanding its role as a global LNG supplier.

Copper’s future looks uncomfortably tight and the industry knows it. Almost every major mining boss now concedes that demand is on track to outstrip available supply; the debate is no longer “if,” but “how soon” and “what to do about it.” On the surface, Anglo American’s merger with Teck appears to be a neat answer: scale up quickly, add meaningful copper exposure, and sidestep the decade-plus slog of permitting and construction.

In reality, that deal highlights how unusual, and hard to replicate, quick fixes are. The sector’s structural constraints, namely rising capex, slower project approvals, geological depletion, and growing operational risk mean real production growth tends to arrive only after prices spike high enough, for long enough, to overcome boards’ caution.