Hormuz blockade triggers fuel crisis

The continued closure of the Strait of Hormuz by Iran is causing severe disruptions to global supply chains and threatening a major energy crisis.

Airports Council International has appealed to EU officials for urgent action, warning that fuel reserves are reaching critical levels ahead of the summer travel season.

While a ceasefire was announced earlier this week, Iran has maintained its grip on the chokepoint, reportedly demanding tolls and using the blockade as leverage in peace talks.

The resulting spike in fuel and fertilizer costs is already impacting economies from Europe to Africa.