The US-Iran war, which resulted in the closing of the Strait of Hormuz, means that we’re about to have a lot less fuel than we’re used to.
About 20% of the world’s oil and gas supply usually passes through the narrow shipping lane. Because it usually takes weeks for oil to reach Europe from this point, however, the after-effects of the closure lagged a little, as we were getting oil sent before the conflict started, days after it began.
But The Guardian reports the blockage has already “doubled” the pr...
English (US)