Global Fuel Rationing Expands: Strait of Hormuz Blockade Impact

Fuel rationing is expanding across Asia and Europe as the blockade of the Strait of Hormuz continues. This vital waterway usually handles about 80% of oil exports to Asia. With the blockade now in its most critical phase, countries like Italy are imposing strict limits on jet fuel to conserve reserves. In northern Italy, airports are restricted to just 2,000 liters of jet fuel for short-haul flights, enough for under an hour of flight. Meanwhile, Asian nations like India and South Korea are returning to coal power to cope with a lack of liquefied natural gas. Governments are implementing policies to manage demand, like capping fuel purchases and reducing work weeks. Indonesia limits private fuel purchases to 50 liters per vehicle, while Slovenia adopts similar measures. What's interesting is that even if the Strait reopens soon, experts warn recovery will take months due to damage to infrastructure. The bottom line is that this crisis affects everyone, leading to higher energy costs and a potential slowdown in global economic growth.