How countries deal with lack of oil

Trump and Netanyahu’s war with Iran has thrown the world into
chaos, triggering one of the worst oil price hikes in recent memory
and forcing countries far and wide to implement emergency protocols

BRENT CRUDE OIL BENCHMARK

2000 2005 2010 2015 2020 2025

$150
per barrel
100
50
0

2008: Oil
price bubble

2022: Russia invades Ukraine

2026: U.S.-Israel
war on Iran

GLOBAL SNAPSHOT OF FUEL RATIONING MEASURES

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2
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Australia: Some
states making all
public transport
(including ferries) free
to encourage people
not to drive

Bangladesh:
Ramadan holiday
brought forward, fuel
sales rationed and
planned electricity
blackouts initiated

Egypt: Shops and
restaurants to
close by 9pm every
night, while street lights
and roadside advertising
are dimmed

Ethiopia: Fuel
supply firms told
to prioritise security
institutions, major
government projects
and key industries

Philippines: State
of emergency
declared. Ferry services
cut and civil servants
reduced to four-day
working week

Slovenia: First EU
member state to
bring in fuel rationing –
Individuals: maximum
50 litres per day;
businesses: 200 litres

South Sudan:
Exports crude oil
but has to buy in refined.
Capital city Juba cutting
power to different areas
on rotating daily basis

Thailand: Public to
dress lighter inside
and air-conditioning to
be kept to 26°-27°C. All
civil servants to work
from home

Americas: Mostly price pressures and isolated shortages, but no widespread
rationing as of yet

Sources: Bloomberg, BBC
Pictures: Creative Commons
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