Shortage of Fuel

Global Fuel Shortage; Causes & Consequences

The world has never seen this before. The Strait of Hormuz — the narrow channel through which 20% of all global oil and 20% of all global LNG flows every single day — effectively closed on March 2, 2026. Tanker traffic fell to near zero. Over 150 ships sat anchored outside, waiting. War-risk insurance was […]

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