5 Days
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وكالة الأنباء القطرية
Global bodies warn of summer fuel crisis
International organizations, including the International Monetary Fund, the International Energy Agency, and the World Trade Organization, have warned of a severe oil shortage this summer if the Strait of Hormuz remains closed. They explained that global oil reserves are shrinking due to a decline in shipments passing through the strait. They emphasized that if this situation continues, it could lead to rising energy and fertilizer prices, significantly impacting the economies of low-income countries—especially during the agricultural season. Iran closed the strait in response to the American-Israeli attack, as international organizations move towards coordinating a response to the crisis.
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