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Global Energy Crisis: Nations Take Emergency Measures Amid Iran Conflict

3/18/2026

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Story summary
  • The conflict with Iran drives global energy shortages as shipments through the blocked Strait of Hormuz are disrupted.
  • Vietnam and Thailand have implemented emergency measures, reducing energy use and adopting four-day work weeks, to curb rising fuel costs.
  • India prioritizes household liquefied petroleum gas needs, but shortages affect restaurants.
  • The European Union is expanding renewable energy efforts to counter higher prices amid limited resources.