The United States government dey struggle to evacuate its citizens from the Middle East as the ongoing war for the region dey threaten global economy and push energy prices up.
The conflict don cause serious tension for international markets, with oil and natural gas prices rising sharply while stock markets for different parts of the world dey fall.
The Middle East na one of the biggest producers of crude oil and natural gas globally, but energy supply from the region don face serious disruption after shipping activities around the Strait of Hormuz reduce drastically.
Iran Threatens Ships
The government of Iran don vow to attack any ship wey attempt to pass through the Strait of Hormuz, one major global shipping route wey normally carry about one-fifth of the world’s oil and liquefied natural gas supply every day.
Apart from the threat to ships, Iran also don attack some energy facilities across the region. The development force several oil producers to stop production temporarily, increasing fear say global oil supply fit reduce seriously.
Fuel Price Don Rise
Financial markets don already begin feel the pressure from the crisis.
Fuel price for the United States record its biggest one-day increase since the time of Hurricane Katrina in 2005.
Stock markets across Asia also fall sharply during early Wednesday trading, mainly because many countries for the region depend heavily on crude oil and gas imports from Gulf states.
Economic experts warn say if the war for the Middle East continue for long, inflation fit rise worldwide and economic growth fit slow down.
Countries Begin Take Emergency Measures
The crisis don begin affect several countries directly.
For Myanmar, the ruling military government introduce fuel rationing after supply disruption. Under the new system, cars with even-number plates go drive only on even dates, while cars with odd plates go use road on odd dates.
Authorities for Thailand also don advise residents make dem no rush go buy and store fuel unnecessarily. Government workers for the country don also receive advice to work from home to reduce fuel consumption.
Trump Speaks on Shipping Safety
Meanwhile, Donald Trump, President of the United States, try calm global tension on Tuesday.
He announce insurance protection and security guarantees for ships travelling through the Gulf region. Trump also hint say the US Navy fit escort oil tankers through the Strait of Hormuz if the situation worsen.
UN Warns of Humanitarian Crisis
But humanitarian experts say if the war continue, the region fit face serious humanitarian problems.
The United Nations humanitarian chief, Tom Fletcher, warn say the conflict fit cause food prices to rise sharply, put pressure on health systems, and create shortage of basic supplies for countries wey depend on imported goods.
According to him, prolonged fighting for the Middle East fit create widespread humanitarian crisis if urgent steps no dey taken to control the situation.
