Global fuel crisis intensifies

Iran's effective blockade of the Strait of Hormuz has disrupted global shipping routes, leading to a critical shortage of refined petroleum products.

In the U.S., national gas prices have surpassed $4 a gallon, while airlines like United have increased baggage fees to offset doubling jet fuel costs.

European leaders are considering fuel rationing, and Asian nations are ramping up coal production to meet energy demands.

The economic ripple effects are threatening to stall global growth and have become a primary concern for voters ahead of upcoming elections.