War on Iran: Can fuel rationing, remote work, short sleeves ease oil woes?
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The US-Israel war on Iran, beginning February 28, 2026, has disrupted global oil supplies by significantly reducing traffic through the Strait of Hormuz. This disruption has caused crude oil prices to surge, prompting oil-importing nations like Bangladesh and Thailand to seek solutions to avoid domestic crises. Strategies include diversifying crude oil suppliers and implementing fuel rationing. India has resumed importing Russian oil, aided by a temporary US waiver on sanctions, to mitigate supply shocks. However, analysts suggest these measures are short-term fixes and long-term energy stability remains uncertain due to the Middle East's dominance in global oil and gas supply.
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