Hormuz supply crunch: Rising energy prices impact roads, airlines and restaurants
Global energy prices are soaring due to the Middle East conflict and Strait of Hormuz issues.
This is significantly impacting India's economy.
Road construction costs are rising, and airlines face higher fuel expenses.
Hotels and restaurants are also feeling the pinch with increased LPG prices.
Businesses are adjusting to these escalating costs, with some considering price hikes.
- US-Iran conflict: Middle East war sends US fuel prices soaring, surcharges kick in Times Of India —
- Jet fuel costs skyrocket amid Iran war, exacerbating crisis for airlines, travelers The Hill —
- Italy Sets Jet Fuel Limits at Some Airports on Supply Shortage Bloomberg —
- European ministers call for profit caps on energy companies as war drives price surge ABC News —
- National Maritime Day: India's oil lifeline churns through conflict waters Times Of India —