Keywords: Energy crisis
The U.S. dollar traded near 99.6 on Thursday. Ongoing war between the United States and Iran drives investors to safe-haven assets. The dollar index rose early in the session amid uncertainty over the conflict and the Strait of Hormuz closure. Iranian forces declared the waterway shut on March 4, disrupting......
Tuk-tuk drivers in Mogadishu, Somalia, are struggling to keep their vehicles on the road as fuel prices skyrocket due to disruptions linked to the ongoing Iran conflict. Rising costs have forced many drivers to park their three-wheelers, while passengers have reduced trips or walked instead. The conflict......
Nearly one month after US and Israeli strikes hit Iran on February 28, the effective Strait of Hormuz closure triggered Asia's worst energy crisis in decades. Regional governments rolled out fuel rationing, cut workweeks, and scrambled for alternative supplies. Asia depends on over 80% of the oil......
The closure of the Strait of Hormuz has escalated into one of the most severe energy crises in decades, cutting off around 20 percent of global oil supply and sending shockwaves through food and industrial supply chains. As the conflict between the United States and Iran enters its fourth week, the scale......
Ukrainian President Volodymyr Zelenskyy held talks on Monday with Mozambican counterpart Daniel Chapo to explore potential gas supplies to Ukraine, as the country seeks alternatives amid a global energy crisis. Zelenskyy emphasized Ukraine’s interest in securing additional energy resources, while......
Italian Prime Minister Giorgia Meloni is set to visit Algeria this week as Italy moves to secure alternative gas supplies following disruptions in deliveries from Qatar. The supply issues are linked to escalating tensions in the Middle East, which have affected energy infrastructure and export capacity. Algeria......
The world is facing an energy crisis more severe than the combined oil shocks of the 1970s, the International Energy Agency warned, as tensions between the United States and Iran escalate over control of the Strait of Hormuz. The warning comes as US President Donald Trump issued a 48-hour ultimatum......
Cuba has publicly stated that its armed forces are ready and preparing for the possibility of an invasion by Donald Trump’s government, even as Havana says it does not want to worsen relations with United States. Carlos Fernandez de Cossio, the country’s deputy foreign minister, made the......
Slovenia has introduced temporary restrictions on fuel purchases as shortages at petrol stations triggered long queues and public concern over supply security. The measures come amid increased demand and logistical challenges affecting distribution across the country. The government, led by Prime Minister......
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