Global fuel crisis intensifies

In the UK, fuel duty cuts are being debated as petrol prices reach record highs, hitting countryside residents particularly hard.

Major US carriers like United Airlines have already implemented baggage fee hikes to offset the doubling of fuel costs in major hubs.

The crisis is also impacting food security, with farmers in India and Australia warning that rising transport and fertilizer costs will be passed to consumers.

International shipping remains stalled at the Strait of Hormuz, further complicating the global energy outlook.