Fuel shortages loom as Strait of Hormuz crisis threatens global economy

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Fuel shortages loom as Strait of Hormuz crisis threatens global economy

The consequences are already being felt through rising energy costs, with Birol warning of “two big problems”: soaring prices and dwindling availability of key petroleum products.

READ MORE : http://www.africanews.com/2026/04/16/fuel-shortages-loom-as-strait-of-hormuz-crisis-threatens-global-economy

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Europe, Strait of Hormuz, flight
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