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Global Energy Crisis: Countries Implement Drastic Measures as Oil Prices Skyrocket

The war in the Middle East has led to a blockade of the Strait of Hormuz, causing oil prices to surge above $100 a barrel and triggering fuel shortages worldwide. Countries are scrambling to conserve energy, with Sri Lanka turning off street lights and promoting work-from-home setups to reduce consumption by 25%. The Philippines declared a national energy emergency, allowing quick fuel buys and advance payments. Slovenia implemented fuel rationing in the EU, limiting private cars to 50 liters a day. Vietnam Airlines canceled flights due to jet fuel shortages. New Zealand plans weekly payments to low-income families to ease petrol costs. Other nations like Bangladesh, Thailand, and Pakistan are also taking measures to stretch reserves. Trumps mention of possible talks with Iran briefly dropped oil prices, but experts warn that pump prices may still increase.

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