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‘Unsustainable’: firms face huge spike in shipping costs amid Hormuz crisis
Shipping lines say they have no choice but to pass on steep cost rises, as the Iran war sparks a fuel crisis that could last well into next year.
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middleeasteye.net
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…
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gulfnews.com
International agencies warn of summer fuel shortages if Strait of Hormuz remains closed
IMF, IEA and World Bank warn of global fuel shortages this summer if Iran’s closure of the Strait of Hormuz continues, threatening energy security and growth.
