US-Iran War: Global Energy Crunch Deepens | World Business Watch
Edited By WION Video Desk
Published: Mar 18, 2026, 10:30 IST | Updated: Mar 18, 2026, 10:30 IST
The global energy crunch is deepening as disruptions around the Strait of Hormuz, a key route for nearly a fifth of global oil and gas trade, tighten fuel supplies and push prices higher.
From Asia to Europe, governments are being forced into tough decisions, cutting energy use, tapping reserves, and trying to shield consumers as shortages begin to impact businesses and industries.
The crisis is unfolding beyond the region, with concerns growing over wider economic fallout and prolonged supply stress.
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