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News in English (USA) / 24.04.2026 / 19:00

Escalating Energy Crisis in Asia Sparks Global Supply Concerns

The ongoing Iran war has triggered a significant energy crisis in Asia, with supply shocks threatening not only regional stability but also the United States. Asian nations, already struggling with soaring fuel costs, are facing a critical shortage of diesel and jet fuel as refining cuts deepen. Major players like India and China are turning to Russia for alternatives amidst disruptions in oil trade due to the Strait of Hormuz standoff. As the energy squeeze intensifies, fears of economic recession loom, and multiple countries are mired in difficulties. The ripple effects of the conflict are likely to spread across the globe, creating an unpredictable economic landscape.
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