Published • loading... • Updated
IEA Warns Prolonged Middle East War Will Force Global Fuel Rationing
The IEA says a prolonged Middle East conflict blocking 25% of seaborne oil trade risks fuel rationing despite 400 million barrels released from emergency reserves.
- Last week the International Energy Agency warned the US, Israel and Iran war caused the largest global oil disruption and the 32-member IEA coalition released 400 million barrels from reserves while tanker flows through the Strait of Hormuz remain seriously impeded.
- With the Strait of Hormuz closed, Tehran has halted most traffic in retaliation for the US-Israel attacks beginning February 28, choking one-fifth of global oil flows, and analysts say alternatives need months to ramp up.
- Domestic measures include a scheme launched March 15 requiring QR codes for fuel purchases, litre caps of 15 for cars and 5 for motorcycles, and pipeline reroutes exporting at least 200,000 barrels daily from Kirkuk to Ceyhan.
Insights by Ground AI
9 Articles
9 Articles
Iran War | Fuel Rationing + Energy Lockdowns
Are Energy Lockdowns On The Way?Off-Guardian.org | Kit KnightlyThe war in Iran is having the impact that most people with any sense knew it would have: The price of oil is going up, and the supply of oil is going down.Of course, whether or not the latter of these is actually true we will never know, and it’s beside the point. Oil companies will natural take the slightest excuse to price gouge and contrive scarcity for the basest of profit motiv…
Coverage Details
Total News Sources9
Leaning Left4Leaning Right0Center2Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
Factuality
To view factuality data please Upgrade to Premium








