Countries across the world are warning the global fuel crisis is now ‘critical’ as emergency measures are introduced in response to the Iran war.
European Commission president Ursula von der Leyen has declared the time has come for negotiations with Iran to reopen the blocked Strait of Hormuz given the perilous energy situation around the globe.
Speaking in Australia at the conclusion of a new free-trade agreement between the EU and Australia, she said: ‘The situation is critical for the energy supply allies worldwide.
‘We all feel the knock-on effects on gas and oil prices, our businesses and our societies, but it is of utmost importance that we come to a solution that is negotiated, and this puts an end to the hostilities that we see in the Middle East.’
It comes as Slovenia became the first EU member state to introduce fuel rationing in a bid to tackle disruptions while thousands of families in New Zealand will soon receive weekly cash payments to help them afford petrol.
And Vietnam’s national air carrier will suspend nearly two dozen domestic flights a week starting next month because of limited fuel supplies.
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Royal Navy won’t deploy to Strait of Hormuz, officials confirm
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UK base in Iraq destroys 14 suicide drones in biggest attack yet on British troops
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Stock and oil futures surged just MINUTES before Trump’s post about Iran
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Iran ‘is down to its last 1,000 missiles after using most of its ammunitions to bombard region’
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Slovenia introduces fuel rationing in response to Middle East disruption
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New Zealand to give families cash to help them afford petrol
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Vietnam to cut domestic flights over jet fuel shortage
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EU president – Global fuel crisis is now ‘critical’ worldwide
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Iran energy minister downplays threat of attack
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Asian stocks rise on Trump U-turn but unease sees oil prices edge up
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