Global Fuel Rationing Expands Amid Middle East Conflict and Oil Supply Disruptions
The ongoing conflict in the Middle East and the near-closure of the Strait of Hormuz have led to a surge in global fuel prices, prompting several countries to implement fuel rationing measures. The International Energy Agency describes the disruption as the largest supply shock in the history of the global oil market. Countries like Sri Lanka, Myanmar, Cambodia, Slovenia, Bangladesh, and Indonesia have introduced various forms of fuel rationing to manage limited supplies. These measures include QR-code-based systems, odd-even license plate restrictions, and purchase limits per vehicle.