Middle East Conflict Disrupts Global Energy Supplies, Worsens Crisis for Developing Nations
A month after Israeli and US airstrikes targeted Iran, the resulting escalation in the Middle East has sharply curtailed shipping traffic through the Strait of Hormuz, a vital chokepoint for global oil supplies. The slowdown in tanker movements has rippled outward to disrupt shipments of natural gas, coal, food, and fertilizers as well. This disruption has hit least-developed countries in Africa and South Asia the hardest, putting intense pressure on economies that rely heavily on imported liquid fuels and agricultural inputs. Energy prices, including Brent Crude oil, remain elevated above $100 per barrel, straining household budgets and leading to widespread... [Continue Reading]
360LiveNews | 01 Apr 2026 18:15
