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IEA Warns Prolonged Middle East War Will Force Global Fuel Rationing

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.

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Center

Fuel rationing a possibility if Iran war drags on, government says

The federal government has effectively admitted there is a possibility of fuel rationing if the war in Iran continues for far longer than expected.

3 hours ago·Northbridge, Australia

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The Times

Center

Fuel rationing looming unless Hormuz supply resumes, experts warn

Oil companies say price rises resulting from the American war with Iran could force the government to protect supplies for hospitals and essential services

15 hours ago·United Kingdom

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