No diesel, no power: why the global oil shock is hitting NZ’s small Pacific neighbours hard

No diesel, no power: why the global oil shock is hitting NZ’s small Pacific neighbours hard

Ben Strang/AFP via Getty ImagesWhen Tuvalu recently moved to declare a state of emergency, it laid bare a major vulnerability long faced by New Zealand’s small and far-flung Pacific neighbours. That is their heavy reliance on imported fuel – delivered through long and often fragile supply chains – to power electricity, transport and other essential services. With a population of just over 10,600, Tuvalu spends roughly one quarter of its GDP on i…

Fuel crisis grips Tuvalu amid Strait of Hormuz blockades

Tuvalu's crisis highlights the vulnerability of small nations to global supply chain disruptions, emphasizing the need for diversified energy sources. The post Fuel crisis grips Tuvalu amid Strait of Hormuz blockades appeared first on Crypto Briefing.