Strait of Hormuz Closure Triggers Fuel Crisis From Australia to the Philippines

The Middle East conflict has pushed global fuel markets to a breaking point. Many countries are activating energy conservation measures as the Strait of Hormuz remains effectively closed to most shipping traffic. Brent crude has traded above $100 per barrel for much of March, up more than 32% since the US-Israeli military campaign against Iran The post Strait of Hormuz Closure Triggers Fuel Crisis From Australia to the Philippines appeared first on BeInCrypto.