Business World Middle East

Hormuz crisis triggers global energy rationing

Hormuz crisis triggers global energy rationing

In response to the crisis, some nations have begun paying families cash subsidies to cope with the rising cost of transportation.

Airlines are cutting flights and adding fuel surcharges as jet fuel prices reach record highs.

The disruption has also impacted food supply chains, with some regions reporting shortages of essential goods.

Analysts warn that the crisis could lead to a permanent shift in how global energy is traded and transported.