Gaza Genocide02 April, 20261 min read
Trump Blames Allies as EU Faces Fuel Shortages and Price Surges
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Global fuel shortages feared due to Middle East war. Diesel shortages warned in Europe as prices rise.
Trump Scolds Allies
Trump unleashed a sharp attack on key European allies over fuel and military support. He mocked Britain's refusal to participate in the operation to behead the Iranian regime.
He criticized France for blocking military supply flights to Israel. Trump asserted the hard part of the war is over after destroying Iran's core capabilities.
Fuel Shortages Loom in Europe
The closure of the Strait of Hormuz triggered fuel supply disruptions and price surges across Europe. France has seen nearly 10% of service stations with at least one fuel out of stock, predominantly diesel.
TotalEnergies has attracted heavy foot traffic forcing stock pullbacks and rationing at some stations. The IEA warned that April would be far worse than March with oil losses expected to double.
Global Supply Chains Strain
JP Morgan forecasted staggered shortages worldwide starting April 1 in Asia. India was the first to be affected with queues forming to obtain LPG bottles.
Goldman Sachs confirmed that energy disruptions were hitting refined products harder than crude oil. Pakistan allowed a tanker carrying 2 million barrels of UAE crude to transit the Strait.