Fears of a global energy crisis grow as Strait of Hormuz remains closed

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https://morningstaronline.co.uk/article/fears-global-energy-crisis-grow-strait-hormuz-remains-closed

 Fire and plumes of smoke rises after a drone struck a fuel tank forcing the temporary suspension of flights near Dubai International Airport, in United Arab Emirates, early March 16, 2026

FEARS of a global energy crisis rose today as the war in the Middle East raged on.

The United States and Israel continued their illegal and unprovoked war on Iran as they bombarded the Iranian capital Tehran and Israel maintained its assault on Lebanon.

An Iranian drone strike temporarily shut Dubai’s airport, a crucial global travel hub, underscoring the threats to the world economy.

The war, which began on February 28, has seen Iran hit back by attacking Israel and US bases in the region, and Gulf Arab countries’ energy infrastructure.

The Iranians have also closed the Strait of Hormuz through which a fifth of the world’s oil is transported. That has dramatically increased the price of oil and put pressure on Washington to do something to ease the pain for consumers.

Brent crude, the international standard, remained more than $100 (£75) a barrel on Monday.

US President Donald Trump said that he has sent a demand to seven countries to send warships to keep the Strait of Hormuz open.

The US president said on Sunday that he wanted these other nations to help police the strait to make it safe for shipping, with his party increasingly concerned that rising prices for US consumers will hurt the Republicans in November’s mid-term elections.

Article continues at https://morningstaronline.co.uk/article/fears-global-energy-crisis-grow-strait-hormuz-remains-closed

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