Hormuz crisis hits global fuel

The economic fallout is being felt globally, with Australian petrol stations running dry and French businesses receiving emergency loans to cope with soaring costs.

In the UK, retail experts warn of potential diesel shortages within weeks as travelers fill up twice to mitigate 'eye-watering' prices.

Iran has effectively seized control of the vital maritime corridor, using its leverage to pressure the U.S. and its allies.

While some nations are troubleshooting plans to reopen the strait, the ongoing conflict shows no signs of slowing, threatening a prolonged global energy crisis.