PERSPECTA

News from every angle

← Back to headlines

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, 08:05
High (71/100)
PostShare

Perspective Analysis

Comparing sources…

Read at source (5 outlets)

morgunbladid6h ago

Önnur olíukreppa á leiðinni til Evrópu

Ríkin við Persaflóa og sérstaklega Katar eru mikilvægir útflytjendur fljótandi jarðgass (LNG), en þegar gasið er kælt niður fyrir 160 gráður á Celsíus er hægt að flytja það í fljótandi formi með skipum.

Read full article →
SCMP7h 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 →
faz9h ago

F.A.Z. Frühdenker: EU-Kommission ruft die Krisenstäbe für Öl und Gas zusammen

Die Bundesregierung will Deutsche aus Nahost ausfliegen, die Angst vor der nächsten Energiekrise steigt, und der neue „Wirtschaftsweise“ wird vorgestellt. Der F.A.Z. Frühdenker.

By Patrick Schlereth

Read full article →
le-figaro19h ago

Bertille Bayart : « Avec la guerre en Iran, une crise énergétique qui cascade à grande vitesse »

CHRONIQUE - Le système énergétique du Moyen-Orient, dont l’Iran cible les infrastructures, se congestionne rapidement. Les conséquences en cascade annoncent une crise grave si la guerre dure.

Read full article →
Yahoo1d ago

Europe Jolted as Oil Spikes and War Risk Surges

Read full article →