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Middle East conflict causes oil crisis and fuel shortages, impacting shipping in Strait of Hormuz
The ongoing conflict in Iran and the closure of the Strait of Hormuz are causing a rapid energy crisis, leading to fuel shortages and long queues at gas stations, with warnings of a severe crisis if the war continues.
2 Mar, 18:18 — 4 Mar, 06:43
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SCMPMostly Factual94d ago
Thailand’s PTT to freeze pump prices as Iran attacks spur panic buying in Mekong area
Thailand’s state-backed energy giant PTT will freeze pump prices for 15 days as war in the Middle East throttles the flow of oil and gas through the crucial Strait of Hormuz, spurring panic buying and some fuel rationing across parts of the Mekong. Thailand, Laos, Cambodia and Myanmar are heavily reliant on Middle Eastern oil and gas, whose flows have been strangled since the weekend when the US and Israel attacked Iran, prompting Tehran to strike back, hitting tankers and energy facilities...
By Aidan Jones
Read full article →YahooMostly Factual96d ago
Europe Jolted as Oil Spikes and War Risk Surges
Read full article →Coverage Timeline
First report: Yahoo · 2 Mar, 18:18|Full coverage: 5 · 1d 14h|Window: 1d 14h
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