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🚨🚨🚨 The global fuel situation is far worse than most people realize right now.
– 🇻🇳 Vietnam urging people to work from home due to fuel shortages
– 🇧🇩 Bangladesh has started fuel rationing per vehicle
– 🇮🇳 Petrol prices surging across Asia — traders struggling to find supply
– ✈️ Thousands of flights cancelled — airlines rerouting and making emergency refueling stops
– ✈️ Airline stocks falling: British Airways parent -6%, EasyJet -4%
– ✈️ Many US airlines stopped fuel hedging years ago — now paying ~$120/barrel
– 🇦🇺 Fuel prices spiking across Australia, Asia, and Europe
– 🏭 Major refineries offline: UAE Ruwais, Saudi’s biggest refinery, Qatar LNG facility
– 🚢 Strait of Hormuz close to escalation risk
– 📊 JPMorgan: 4.7M barrels/day supply hit if Hormuz closes by Day 18
– 🌍 G7 emergency meeting tomorrow on releasing oil reserves
– 🇫🇷 France preparing military mission to reopen shipping lanes
Countries are rationing fuel. Airlines are cancelling flights. Economies are telling people to stay home.
And this is only Day 11. Prepare accordingly. ⚠️