OverviewSafeAbroad analysts have assessed the global impact of fuel shortages and their effects on study abroad programs. Limited strategic reserves and reduced access to refined fuel exports are forcing some countries to ration fuel or curb industrial activity. BackgroundEscalating attacks on Middle Eastern energy infrastructure and Iran’s closure of the Strait of Hormuz have severely disrupted global oil supply chains, driving global oil prices up and creating shortages. Despite the release of strategic reserves, global oil prices remain around 51% higher at the end of March than the previous month’s end. However, the spike in global oil prices is causing challenges even in areas that rely minimally on Middle Eastern oil.

Source: The Guardian April 03, 2026 18:53 UTC