Iran war: Oil shortages threaten global energy security
Federaţia Rusă
The Iran war and the subsequent closure of the Strait of Hormuz — a key waterway through which about 20% of the global oil trade passed before the conflict — have triggered an oil supply shock on a scale unseen in decades. The crunch has sent countries worldwide scrambling for alternatives to fill the lost supply. Many governments, particularly in Asian countries that are heavily dependent on Middle Eastern energy, have also introduced measures to curb fuel demand. The International Energy
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