{"id":43955,"date":"2026-04-07T16:16:05","date_gmt":"2026-04-07T16:16:05","guid":{"rendered":"https:\/\/foreignnewstoday.com\/?p=43955"},"modified":"2026-04-07T16:16:05","modified_gmt":"2026-04-07T16:16:05","slug":"iran-war-how-the-crisis-in-key-strait-of-hormuz-waterway-is-affecting-fuel-supplies-for-different-countries-money-news","status":"publish","type":"post","link":"https:\/\/foreignnewstoday.com\/?p=43955","title":{"rendered":"Iran war: How the crisis in key Strait of Hormuz waterway is affecting fuel supplies for different countries | Money News"},"content":{"rendered":"


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Fears of fuel shortages have been sparked recently as the number of tankers passing through the Strait of Hormuz was reduced to a trickle amid threats from Iran, which experts say effectively controls the waterway.<\/p>\n

Now some of those concerns are coming to fruition with several countries experiencing shortages.<\/p>\n

Normally, about a fifth of the world’s oil and gas supplies flow through the strait but since the start of the US-Israeli strikes on Iran<\/strong><\/a> in late February shipping has almost come to a standstill.<\/p>\n

Money blog: Interest rate on many student loans to be capped<\/strong><\/a><\/p>\n

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\n Cargo ships in the Gulf, near the Strait of Hormuz in March. Pic: Reuters
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Iranian retaliatory attacks have forced vessels to stay put, causing petrostate storage facilities to fill and some production to cease.<\/p>\n

More than 20 million barrels of oil and petroleum liquids per day normally transit the Strait of Hormuz, but daily traffic is reportedly down by about 95%. However, some ships linked to Pakistan, China and India are being allowed through by Iran.<\/p>\n

But the impacts of supply disruption are showing up in some countries and not just in higher prices.<\/p>\n

European shortages<\/strong><\/p>\n

The risk of jet fuel shortages hitting in early May and June has been highlighted by the head of Europe’s biggest airline, Ryanair chief executive Michael O’Leary, who spoke to Sky News<\/strong><\/a>.<\/p>\n

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