Government Responds to April Crude Oil Crisis Rumors... 'Releasing Reserves and Securing Alternative Supplies'
The South Korean government plans to release oil reserves and secure alternative supply sources in response to fears of a crude oil shortage in April due to geopolitical tensions in the Middle East.
Afternoon Update: IEA chief warns oil shock worse than 1970s crises combined; ABC staff to strike; and a ‘feline Oscars’ star
The IEA's chief warns that the current global energy crisis caused by the war in Iran is more severe than the oil shocks of the 1970s.
Director of the Energy Agency: We can see the worst energy crisis in decades
The Director of the International Energy Agency, Fatih Birol, warns that the world is facing potentially the worst energy crisis in decades due to the ongoing Middle East conflict.
SOS signal from the IEA: No country is immune to the worst energy crisis in decades
The head of the International Energy Agency (IEA) warns that the global energy crisis, exacerbated by the ongoing conflict in the Middle East, is affecting every nation with unprecedented oil supply losses.
International Energy Agency Director: The Global Economy Faces Significant Danger Due to War in the Region
The Director of the International Energy Agency, Fatih Birol, warned that the current Middle East crisis poses a greater threat to the global economy than the oil crises of the 1970s combined.
International Agency recommends remote work and increased carpooling to face energy crisis caused by war
The International Energy Agency urges individuals to reduce oil demand by working from home, flying less, and driving slower due to the ongoing energy crisis caused by conflict in Iran.
G7 countries unite over oil supply crisis
The G7 countries have come together to implement security and diplomatic measures in response to the ongoing oil supply crisis.
PM Modi will hold a high-level meeting in the evening, focusing on oil to gas
Prime Minister Narendra Modi is set to conduct a high-level meeting with senior ministers to discuss the impact of the ongoing Middle East conflict on India's energy supply.
Amidst the war in Hormuz, the government's Plan B is active, says - petrol-diesel and LPG...
Amid ongoing conflicts in Hormuz, the Indian government is implementing its contingency Plan B to ensure fuel supply security and address rising energy tensions.
Jet fuel crisis may boost Dangote exports to Europe
Nigeria's Dangote refinery is expected to supply more jet fuel to Europe due to ongoing global disruptions in the jet fuel supply chain.
It's February 2020 all over again, but this time one man can end it
The article draws parallels between the current geopolitical crisis and February 2020, pointing out significant similarities in the sense of urgency and potential consequences, particularly regarding oil supply.
The USA has given the green light to the sale of Iranian oil already at sea
The United States has temporarily lifted sanctions on Iranian oil already loaded on ships to alleviate the supply crisis caused by conflicts in the Middle East.
Energy crisis: more smart working and lower speed limits. The recipe for austerity
The International Energy Agency recommends strategies like increased remote working and lower speed limits to mitigate the economic impact of global oil supply disruptions due to the Middle East conflict.
Donald Trump ‘very surprised’ Australia declined to send troops to strait of Hormuz amid fuel crisis
Donald Trump expressed his surprise at Australia's decision not to send warships to the strait of Hormuz amid ongoing tensions affecting global oil supply.
Lowering speed limits among contingency plans to curb UK oil demand
The UK government is considering lowering speed limits as a strategy to reduce fuel consumption amid a global oil supply crisis stemming from Middle Eastern tensions.
Experts: This is how the crisis will affect your everyday life and wallet
Experts discuss the potential impacts of the ongoing crisis, initiated by recent military actions, on everyday life and financial implications.
Russia promises aid to Cuba, but does not comment on oil supply
Russia is discussing potential assistance to Cuba amid the ongoing U.S. fuel blockade, with a tanker reportedly on its way to deliver Russian diesel.
Oil supply nearly halted through the Strait of Hormuz, IEA warns the world
The ongoing conflict in the Middle East has caused a significant disruption to global oil supplies, particularly affecting the Strait of Hormuz, prompting the IEA to issue urgent recommendations.
Sri Lanka declares a public holiday on Wednesdays to save fuel; see measures around the world
Sri Lanka has instituted a public holiday on Wednesdays to conserve fuel amidst a global oil supply crisis, exacerbated by Middle Eastern conflicts.
Iran Charging a Hefty Amount to Cross the Strait of Hormuz!
Amidst escalating tensions in the Middle East, Iran is reportedly charging significant fees for safe passage through the Strait of Hormuz, impacting global oil supply.
Vietnam sees petrol prices shoot up overnight
Vietnam has experienced a drastic increase in petrol prices by over 20% due to global oil supply concerns stemming from conflicts in the Middle East.
How is China moving to avoid an energy supply crisis?
China is taking steps to avoid an energy supply crisis amid escalating US-Israeli tension with Iran and Iranian attacks on Gulf countries, which have caused record highs in global oil and gas prices.
Shock scenario from Saudi Arabia: Oil at 180 dollars if the crisis continues
Saudi officials predict that oil prices could reach 180 dollars a barrel in the coming weeks if the disruptions in supply continue.
"More expensive diesel was just the first swallow of rising prices": the energy crisis pushes the ECB into a corner
The ongoing war in the Middle East is exacerbating the energy crisis in Europe, significantly affecting gas prices and supply security.
Sanna Torén Björling: Even a statesman should work on his relationships - and his language
Ukrainian President Volodymyr Zelenskyy is navigating complex relationships with the EU as pressures mount from the Middle East conflict while managing internal supply issues related to Russian oil.
The Industrial Artery Is Being Blocked... A Three-Week Blockade of Hormuz Would Result in a 5.4% Surge in Production Costs
The ongoing Middle East crisis is escalating into a comprehensive economic war, which poses significant risks to the South Korean industrial sector as production costs are projected to rise sharply due to a potential blockade of the Strait of Hormuz.
Off the coast of Cuba – Russian tanker with oil
A Russian tanker is transporting over 700,000 barrels of oil to Cuba, which is facing electricity supply shortages due to the U.S. economic blockade.
Oil prices surge as Middle East tensions escalate into energy supply crisis
Oil prices have skyrocketed to over $110 per barrel amid escalating conflicts between Israel and Iran, leading to concerns over an energy supply crisis.
Not Just Oil and LPG... Crisis in Fertilizers, Medicines, and Food Due to Middle East War
The ongoing war in the Middle East is exacerbating shortages not only of oil and gas but also affecting food, medicine, and fertilizers, with rising prices being observed post-conflict escalation.
GALLERY ⟩ This morning, fuel prices neared 2 euros at gas stations
Due to the ongoing war in the Middle East and the resulting supply difficulties of oil and natural gas, fuel prices have significantly increased in recent weeks, reaching nearly 2 euros in Tallinn gas stations on Thursday morning.
Oil: New leap to $112 - Trump's threats create volatility, how the game is changing
Oil prices surged to $112 amidst escalating tensions in the Middle East, with experts warning of a potential supply crisis.
Which fuel and energy solutions can Australia implement quickly to be less dependent on foreign oil?
Australia is exploring energy solutions to reduce its reliance on foreign oil as the current fuel crisis highlights vulnerabilities in its energy supply.
Strait of Hormuz: Who passes and who remains stuck in the most dangerous passage in the world
Iran's de facto blockade of the Strait of Hormuz raises fears of severe disruption to the global oil supply.
India increases liquefied petroleum gas production amid Middle East crisis
India has ramped up its liquefied petroleum gas production following supply disruptions caused by the ongoing Middle East crisis.
Fuel seller: we may soon see a sharp rise in fuel prices
The price of diesel could rise to as much as 2.5 euros per liter due to the ongoing crisis affecting global oil supply.
Nigeria: Gas Supply Falls 8.5 Percent to 4.7 Metric Tonnes Daily
Nigeria's Liquefied Petroleum Gas supply has decreased by 8.5% in February 2026 compared to December 2025, attributed to rising crude oil prices due to a Middle-Eastern crisis.
Fuel rations and no air conditioning: Southeast Asian nations race to conserve energy
Southeast Asian countries are implementing measures to conserve energy amid soaring costs due to supply disruptions in the global oil market.
Government raises crude oil crisis alert to level 2 'caution'... forecast release of stockpiled oil at level 3
The South Korean government has raised its crude oil crisis alert to level 2 'caution' in response to increasing uncertainties surrounding oil supply due to instability in the Middle East.
Australia's fuel shipments look safe for the next month. After that, it's complicated
Australia's fuel shipments are expected to continue without interruption for at least the next month, despite uncertainties beyond that period.
‘Award’ for Pemex: Mexican oil could become coveted in Asia amid Middle Eastern crisis
The recent rise in Mexican export crude prices may provide significant economic advantages for Pemex, especially as Asian refiners seek alternatives to Middle Eastern oil supplies.
Estonian Storage Center Opens Strategic Fuel Reserves to Free Market
The Estonian Storage Center has decided to release its strategic fuel reserves to the open market in response to global oil supply crises.
'LPG production increased by 38%, sufficient oil reserves', government in action mode on energy crisis
The Indian government assures that there is no shortage of LPG and petroleum products amidst geopolitical tensions.
Iran War: The State of Oil and Gas Production in the Middle East
Concerns about a prolonged energy crisis rise as the war in the Middle East disrupts oil and gas production significantly, marking one of the largest supply interruptions in the history of the global oil market.
Russian strike on Ukrainian power plant leaves neighboring city's water supply dry
Moldovan officials reported that a Russian attack on a Ukrainian hydroelectric power station has caused an oil spill, contaminating the country's water systems and leaving its second-largest city without water.
Cuba Temporarily Experiences Complete Power Outage
Cuba has faced a nationwide power outage following persistent electricity supply problems and a lack of oil shipments.
Family Guide to Adapting to Rising Prices Due to the Iran War
The article discusses the impact of the US-Israeli war against Iran on family budgets, highlighting the interconnected effects on oil prices, energy supply, and essential goods.
International Energy Agency: Additional Reserves Ready If Oil Crisis Continues
The International Energy Agency has indicated its readiness to release additional emergency oil reserves if the energy supply disruptions due to the Gulf war and the closure of the Strait of Hormuz continue.
Data shows how deep a crisis has been triggered by the choked Strait of Hormuz
The article discusses the significant crisis arising from the closure of the Strait of Hormuz, highlighting its impact on global oil supply and regional tensions.
Ethiopia: PM Abiy Urges Responsible Fuel Use Amid Middle East Crisis
Ethiopian Prime Minister Abiy Ahmed has urged responsible use of fuel as the crisis in the Middle East disrupts global oil supplies.
Japan Withdraws from Oil Reserves Due to Iran War
Japan plans to release approximately 80 million barrels from its oil reserves to alleviate the impact of global energy supply disruptions due to the conflict in the Middle East.