War on Iran: Can fuel rationing, remote work, short sleeves ease oil woes?

"The US-Israel war on Iran has rattled global energy markets, as countries scramble to secure fuel, conserve supplies and rethink exports. Tehran has effectively halted most traffic through the Strait of Hormuz, a key shipping lane between the Gulf and the Gulf of Oman, which supplies one-fifth of the world's oil, in retaliation for the US-Israeli attacks."

"Russian oil can help cushion a short-term supply shock, but its usefulness depends on two uncertain conditions: that Russian barrels remain available and that the discount remains meaningful, energy expert Tatiana Mitrova, a fellow at Columbia University's Center on Global Energy Policy, told Al Jazeera."

"Nevertheless, analysts doubt that any alternative can ensure long-term energy stability as the Middle East remains the world's main oil and gas supplier."

The US-Israel conflict with Iran has disrupted global energy markets, with Tehran halting traffic through the Strait of Hormuz, a critical shipping lane supplying one-fifth of world oil. Oil prices have surged past $100, forcing major oil-importing nations like Bangladesh and Thailand to implement emergency measures including supplier diversification and fuel rationing. India has resumed purchasing Russian oil after receiving a temporary US sanctions exemption, though experts question the sustainability of such alternatives. While Russian oil stockpiles could provide short-term relief, analysts emphasize that no alternative ensures long-term energy stability, as the Middle East remains the world's primary oil and gas supplier.

Read at www.aljazeera.com