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Global energy crisis highlights meagre oil buffers in developing world

Al Jazeera·John Power·21 days ago
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As the blockade of the Strait of Hormuz drives the worst energy crunch in modern history, leading governments to scramble to unload their emergency oil stockpiles, developing countries are among the least prepared to mitigate the shock. Although surging fuel prices due to the fallout of the US-Israel war on Iran have impacted most of the world , import-reliant poorer countries are among the worst affected and the most lacking in energy reserves to cushion the blow. Recommended Stories list of 4 items list 1 of 4 Trump to discuss Iran with Xi Jinping during China visit: Officials list 2 of 4 Barcelona clinch back-to-back La Liga titles with 2-0 win over Real Madrid list 3 of 4 Somalis rally against government-ordered evictions in Mogadishu list 4 of 4 What next for Real Madrid after Barcelona’s La Liga and Clasico triumph?…

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