Five Countries Ration Fuel as Hormuz Closure Cuts Nearly 4 Million Barrels a Day
Updated
Updated · Yahoo! Voices · Sep 19
Five Countries Ration Fuel as Hormuz Closure Cuts Nearly 4 Million Barrels a Day
3 articles · Updated · Yahoo! Voices · Sep 19
Summary
France, Pakistan, Bangladesh, Indonesia and Nepal are facing fuel shortages or rationing on day 203 of the Iran war, with empty pumps, curtailed business hours and transport limits spreading across multiple markets.
Nearly 4 million barrels a day of refined products are missing from Russia and the Middle East, Vitol said, while the IEA estimates Gulf refined shipments remain below half their February pace after the Strait of Hormuz shutdown and Houthi pressure near Bab al-Mandab.
France has seen 10% to 12% of stations run out of at least one fuel, pushing SP95-E5 to a record €2.17 a litre and prompting President Emmanuel Macron to float strategic reserve releases and a G7 energy meeting.
Pakistan has reimposed emergency curbs for three months, halving fuel for government vehicles and forcing earlier closures, while Bangladesh has cut shop hours and seen factories hit by repeated power outages.
Indonesia says Makassar's shortage has eased after kilometer-long queues and protests, but Nepal still gets only about 5% of Kathmandu's daily cooking-gas needs, underscoring risks as winter demand approaches.