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Global agencies warn of summer fuel shortages if Hormuz disruption continues
The heads of the International Monetary Fund, World Bank and International Energy Agency have warned that prolonged disruption to shipping through the Strait of Hormuz could threaten global fuel supplies and economic stability.
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independent.co.uk
Strait of Hormuz blockade could cripple world economy, Fed official warns
For three months, Iran has restricted shipping through the vital waterway, leading to a surge in energy, food, and fertilizer prices
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dw.com
Iran war: Oil shortages threaten global energy security
Strategic petroleum reserves are declining rapidly as countries release emergency crude supplies to cushion the economic impact of the Middle East conflict.
