Hormuz shutdown jolts Europe’s fuel supply – China Daily
The waterway carrying one-fifth of the world's oil remains effectively closed due to the ongoing conflict - Kenya breaking news | Kenya news today | Capitalfm.co.ke..
✨ Key Highlights
The closure of the Strait of Hormuz following US-Iran tensions has severely disrupted Europe's fuel supply, mirroring or exceeding the impact of past energy crises and the Russia-Ukraine conflict.
- Ship traffic through the strait, crucial for 21 million barrels of oil daily, has plummeted to single digits, significantly impacting global energy markets.
- Key figures like Fatih Birol, head of the International Energy Agency, have highlighted the severity of the crisis, noting its worse combined impact than the 1970s oil shocks and the Ukraine gas crisis.
- The disruption, particularly to LNG shipments from Qatar, has driven up fuel prices across Europe, leading to economic strain and divisions within the EU.
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Iran calms Kenyan markets over gulf shipping route closure fears - March 2026
The Embassy of the Islamic Republic of Iran in Kenya has issued a statement to Kenyan stakeholders dismissing reports of disruptions in the Strait of Hormuz, attributing such narratives to US and Israeli propaganda. This followed the Embassy of Iran in Nairobi strongly refuting claims that a crisis in the Strait of Hormuz will lead to increased fuel prices in Kenya. The closure of the Strait of Hormuz following US-Iran tensions has severely disrupted Europe's fuel supply. Meanwhile, UN humanitarians reported mounting civilian casualties and damage in Iran and Lebanon, while FBI Director Kash Patel's personal email account has been compromised by an Iran-linked hacking group.
